First-Time Homebuyer

Program for First-Time Homebuyers

The Community and Business Development Department through the City of Winston-Salem offer programs for first-time homebuyers. The minimum qualifications for all programs are as follows:

  • Purchase a single-family, townhouse or Condominium (with certain restrictions) located within the city limits of Winston-Salem, North Carolina
  • Have not owned a home as a principal residence in the past three years
  • Provide a verifiable source of income that is 80% or less than the median income as published by Housing and Urban Development (HUD) (Income requirements are based on family size and household income as defined by HUD)
  • Have an acceptable credit rating Contribute at least $1,000 of your own funds
  • Subsidy may only be used with a fixed rate (non-balloon) loan
  • Attend 6 to 8 hour Homeownership Class
  • Must present documentation verifying US Citizenship
  • Asset limit: $10,000

For additional information, email Roslyn Lash or call 336-734-1306.