Qualifications And How To Apply
To qualify for homeownership through Community Home Trust, applicants must meet the following criteria:
- Must be a first time homebuyer or not have owned a home within the last three years. There are special exceptions for displaced homemakers.
- Must earn 80% or below the area median income. Applicants earning between 80% and 115% of the area median income are limited to buying unsubsidized property in our inventory.
- Must live or work in Orange County. Some properties require a minimum of one year prior to closing.
- The Home Trust home must be your primary residence. No investors.
|80% of AMI||$37,950||$43,350||$48,750||$54,150|
|100% of AMI||$47,438||$54,188||$60,938||$67,688|
|115% of AMI||$54,554||$62,316||$70,079||$77,841|
Applicants must complete a one hour orientation and an eight hour First Time Homebuyers’ Education class. To download an application, click HERE. Submit completed applications to Administrative Assistant, Felicia Stroud at email@example.com or P.O. Box 307, Carrboro, NC 27510.