Are you a first-time homebuyer in North Carolina? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Tar Heel State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable. Navigate the dynamic real estate market of North Carolina with confidence and uncover the unique opportunities that await you.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
NC Home Advantage Mortgage | Up to 5% of the loan amount can be used for down payment assistance | First time and move-up homebuyers | Forgiveable loan |
NC 1st Home Advantage Down Payment | Up to $8,000 in down payment assistance | First time homebuyers and military veterans | Forgiveable second mortgage with a 0% interest rate |
NC Home Advantage Tax Credit | Reduces up to $2,000 in mortgage interest that you pay into federal taxes for the life of your loan | First time homebuyers and military veterans | Tax credit |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Gaston | Homebuyer's Assistance Program | Up to 3.5% of the loan amount can be used for down payment and closing cost assistance | Any homebuyer that can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
Gaston | Neighborhood LIFT Program | Up to $15,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgiveable loan |
Mecklenburg | Neighborhood LIFT Program | Up to $15,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgiveable loan |
Rowan | Neighborhood LIFT Program | Up to $15,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgiveable loan |
Cabarrus | Neighborhood LIFT Program | Up to $15,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgiveable loan |
Union | Neighborhood LIFT Program | Up to $15,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgiveable loan |
Alexander | Unifour Consortium Down-payment Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Not specified |
Burke | Unifour Consortium Down-payment Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Not specified |
Caldwell | Unifour Consortium Down-payment Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Not specified |
Catawba | Unifour Consortium Down-payment Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Not specified |
Cumberland | GAP and Down-payment Assistance Program (DAP) | Up to $5,000 in down payment and closing cost assistance | Any homebuyer that can meet income requirements | Forgiveable second mortgage with a 4% interest rate |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Durham | Down Payment Assistance Program | Up to 3% of the loan amount that can be used for down payment assistance | Any homebuyer that can meet income requirements | Forgiveable second mortgage with a 2% interest rate |
Charlotte | HouseCharlotte Community Heroes Program | Up to $22,500 in down payment and closing costs assistance | For law enforcement officers, schoolteachers, paraprofessionals, firefighters, emergency medical technicians, healthcare workers, and other essential workers | Forgiveable loan |
Greensboro | Homebuyer Down Payment Assistance Program | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Forgiveable loan with a 0% interest rate |
High Point | City-Wide Homebuyer Assistance Program | Up to $5,000 towards down payment and closing cost assistance | Homebuyers buying within High Point city limits and can meet income requirements | Deferred loan with a 3% interest rate |
High Point | Core City Homebuyer Incentive Program | Up to $5,000 towards down payment and closing cost assistance | Any homebuyer buying within Core City or Springbrook Meadows | Forgiveable loan with a 0% interest rate |
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