Shared Equity Homeownership

Shared Equity Homeownership provides affordable homebuying opportunities for families with low to moderate income by providing down payment assistance grants. The program is aimed at helping families without a down payment purchase a home below market value and to keep that home affordable into the future.

What makes Shared Equity Homeownership “Shared Equity”?

Unlike traditional down payment assistance which benefits one family, RuralEdge’s Shared Equity Program provides a one-time publicly funded grant of up to 35% of the market price which stays with the home, benefiting future income eligible buyers when the home is sold. In return, the buyer agrees to limit the profit they make if the home appreciates.

Are you a good candidate for Shared Equity Housing?

If you are employed earning at or below 120% of the area median income for your county, as defined by the Department of Housing and Urban Development (HUD), your credit score is good, and you are ready to take on the responsibilities of homeownership, you are likely a good applicant to the program.