Eligibility Requirements
  • Household income(s) must be at or below 80 percent of the area median income (see chart below)
  • Cannot have owned property within the last three years
  • Property must be located within the City limits of Greensboro
  • Purchase price of property may not exceed $175,000 for new construction and $160,000 for existing
  • Must complete homebuyer education
  • Maximum housing expense ratio is 33 percent
  • Maximum debt-to-income ratio is 41 percent

Household         Income  
    Size              Amount  

      1      

$32,750

2

$37,450

3

$42,100

      4     

$46,800

5

$50,550

6

 $54,300

7

  $58,050 

8

  $61,800