Down Payment Assistance Programs in North Carolina

North Carolina's Housing Finance Agency (NCHFA) offers some of the most competitive first-time buyer programs in the Southeast. These programs provide below-market interest rates and meaningful down payment assistance that can make homeownership achievable for buyers across the state.

NC Home Advantage Mortgage The NC Home Advantage Mortgage provides a 30-year fixed-rate loan with down payment assistance of up to 3 percent of the loan amount. The assistance is a second mortgage that is forgiven 20 percent per year starting in year 11 of the loan, and is fully forgiven by year 15 if the buyer remains in the home.

NC 1st Home Advantage Down Payment For first-time buyers and military veterans, the NC 1st Home Advantage Down Payment provides $15,000 in down payment assistance. Like the standard program, this is forgiven over years 11 through 15. $15,000 is a meaningful amount that can cover much of the down payment on an entry-level home in most North Carolina markets.

Community Partners Loan Pool (CPLP) The CPLP provides additional down payment assistance for buyers purchasing in specific counties or with specific nonprofit partners. This can provide more substantial assistance for buyers with lower incomes in targeted communities.

Local Programs in Charlotte and the Triangle Charlotte-Mecklenburg and the Triangle area (Raleigh, Durham, Chapel Hill) have local programs that can add to state assistance. These vary in benefit amount and availability.

Homebuyer Education Requirement NCHFA programs require buyers to complete a homebuyer education course from a HUD-approved counselor.

Homexa® and North Carolina Buyers Homexa® agents in North Carolina understand the NCHFA programs and local assistance options. Connect with a Homexa® agent to identify what you qualify for and maximize your buying power in the NC market.