top of page

A Shared Equity
Down Payment Assistance Program

What is Shared Equity?

Shared equity means you receive help with your home purchase, often 20-30% of the home’s total price, in exchange for agreeing to share the home’s future appreciation with the program. Borrower will be required to contribute 1% of the purchase price from their own funds and any other increase will go back into the program to help future home buyers.

Program Highlights

  1. No monthly payments on the assistance
     

  2. 0% interest
     

  3. You keep up to 1% appreciation per year plus any down payment you put in and principal payments you made
     

  4. More affordable mortgage payments
     

  5. Repay only when you sell, move, or refinance

Step by Step Process

1

Apply for HomeStretch

2

Buy home!

3

Live and build limited equity

4

Sell, repay assistance & get back limited equity

Program Example

Program example table

*Borrower will be eligible for additional credits at time of sale.

All potential borrowers should speak with a housing counselor to learn more.

bottom of page