My First Home - Qualifications & How to Apply


To participate, prospective buyers must fill out a pre-application form. The form will be screened by the Center for HomeOwnership to determine eligibility. Prospective buyers also must complete a home-ownership course that the center sponsors.

Qualified buyers work with a real-estate agent to locate an eligible house. Once a buyer selects a specific house, the Center for HomeOwnership will help the buyer complete the paperwork to participate in the program. If the house is in Winston-Salem, the application will be sent to Housing/Neighborhood Development. If the house is outside the city (inside Forsyth County), it will be sent to the Forsyth County Housing Department.

The participant must be a first-time homebuyer or cannot have owned a home within the last three years. Eligibility for down payment Assistance is dependent upon each household’s income being at or below 80% of the median household income for the area based on household size. These income levels are set annually by the United States Department of Housing and Urban Development.

2010-2011 Income Limits for Forsyth County
My First Home WSFC

Number in Household 80% of Median Income
1 $ 33,500
2 $ 38,300
3 $ 43,100
4 $ 47,850
5 $ 51,700
6 $ 55,550
7 $ 59,350
8 $ 63,200
  • The eligibility of the households includes factors relating to the participant’s credit worthiness, job stability, income, and ability to qualify for an affordable first mortgage from a private lender.

Homebuyers must complete up to eight hours of pre-purchase education provided through the Center for Homeownership, 336-773-0286 x101.

logos of participants

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