Buying a Home With Us

Proud Ground makes affordable properties available to families looking to purchase a first home.

Benefits for Homebuyers

Homeownership can seem out of reach for many families these days, but that doesn’t have to be the case! As a Community Land Trust (CLT), Proud Ground provides homes to qualified buyers at below-market prices. The homebuyers get a deep discount on the sales price of the home and, in return, they agree to sell the home to another income qualified buyer at an affordable price. They still build wealth and equity during their time as a homeowner, but the CLT model ensures that the home remains permanently affordable to another homebuyer in the future.

Benefits for the Community

By ensuring homeownership stability for low to moderate-income families, we are taking action against gentrification. We believe that everyone benefits when all people have the opportunity to be secure and invested in their community through homeownership.

Hear from Past Homebuyers

Who Can Buy a Home With Proud Ground?

Proud Ground homebuyers must meet these requirements.

Your household income must fall under the maximum income limits.
Proud Ground calculates your income by reviewing recent pay information and accounting for any expected raises or additional income that might occur during the first year you own your home. Household income includes gross annual income (before taxes), commissions, overtime, bonuses, child support, alimony, pensions, benefits, and income from anyone 18 or older living in the home, even if they’re not on the loan. Once you have purchased your home, no additional income certification is required. This is a strict guideline and no exceptions to maximum income limits can be made.
You must be a first-time homebuyer.
This means you haven’t owned a home and haven’t been on the title of a home for the past three years, with a few exceptions. Vi ew the definition of a first-time home buyer here .
You must be a legal, long term resident of the United States.
This means you have one of these: a valid work visa, an Individual Taxpayer Identification Number (ITIN), permanent resident (Green Card) status, or citizenship (passport) in the United States.
Your credit score must be above 620.
You have a minimum household income of no less than $35,000 per year.
You must be able to show proof of stable income for a minimum of two years.
You may not have any bankruptcies within the last four years.
You must have at least $3,000 in savings to cover earnest money, home inspections and appraisal costs.