Shared Equity Down Payment Assistance

Is Saving for a Down Payment Stopping You From Purchasing a Home?

You work hard, you pay your bills on time, and your credit score is in good shape. You know where you want to be, and you feel ready to buy a home to call your own. Plus, you’re excited that your monthly payments when you own will probably be less than what you’re paying for rent. There are homes for sale in your price range, but there’s just one thing stopping you from taking the leap to homeownership: the down payment.

You are not alone. For most potential home buyers, saving enough money for a down payment on the purchase of a home is the biggest barrier to owning a house. The purpose of Downstreet’s Shared Equity Down Payment Assistance Program is to provide and support affordable, sustainable homeownership to present and future buyers by providing 20% of the home’s purchase price to income-eligible, qualified buyers*.

How Does the Program Work?

Downstreet provides down payment assistance to home buyers through grants up to 20% of the purchase price to those who are at or below 120% of the area median income as defined by the Department of Housing and Urban Development (HUD). The grant stays attached to the home upon resale and is recycled to the next income-eligible purchaser. In exchange for the grant, the purchaser agrees to limit the amount of market appreciation taken at the time of resale. This internationally recognized model of shared equity homeownership is funded through a public/private partnership of local, state, and national investors.

This table shows the maximum household income allowed to qualify for our Down Payment Assistance Program.

1-person household
2-person household
3-person household
4-person household
$ 88,560
$ 101,280
$ 79,800
$ 91,200
$ 102,600
$ 79,800
$ 91,200
$ 102,600


First Steps

Whatever way you decide to use the program, you will need to fulfill a few requirements, the first of which is an initial consultation with one of our HomeOwnership Center staff members. Reach out to schedule your initial consultation today – it’s free and you will walk away with a better understanding of the home-buying process and what you need to do to make your dreams of home ownership a reality.

Use the tool below to schedule your consultation. After you submit your request for an appointment, we will be in touch to confirm the date and time of your consultation.

HAVE QUESTIONS? Please contact us anytime at (802) 476-4493.