The down payment assistance programs that are listed here are a sample of what is available for homebuyers in North Carolina. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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NC Home Advantage Mortgage Program

Financial Assistance for Homebuyers in North Carolina

North Carolina’s Housing Finance Agency realizes that one of the major obstacles on the path to homeownership is the down payment. Though many people can afford to make monthly mortgage payments, they don’t have enough money saved to pay the upfront costs. The NC Home Advantage Mortgage Program aims to help individuals overcome this obstacle.

Available Assistance
This program provides fixed-rate mortgages to qualified homebuyers, as well as down payment assistance of up to 5 percent of the loan amount. Borrowers are not expected to repay the down payment unless the property is to be sold, refinanced, or transferred within 15 years. The down payment assistance is forgiven at 20 percent per year after 10 years in the home.

Applicants who are first-time buyers or military veterans may be eligible to combine the NC Home Advantage Mortgage Program with a Mortgage Credit Certificate (MCC) to increase their savings.

Eligibility Requirements  
In order to be considered eligible for the NC Home Advantage Mortgage Program, all applicants must meet certain requirements. While there is no first-time homebuyer requirement, all applicants must be legal U.S. residents. They must have an annual household income under the program' maximum limit, $87,500, and a credit score of at least 640. Homebuyers must apply for an FHA, USDA, VA, or conventional loan through a participating lender and meet the sales price limits of the loan type.

Property Guidelines
Applicants must occupy the home as their principal residence within 60 days of closing. Eligible property types include new and previously owned single-family homes, townhouses, condominiums, duplexes, and new manufactured homes (660 credit score required).

Note: All figures cited in these program descriptions were accurate at the time of publication and may no longer be current - visit the program website(s) for updated information.


Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in North Carolina

The homebuyer down payment and closing cost assistance program (DPA) is a source of financial assistance for first-time homebuyers purchasing homes within Greensboro city limits

DreamKey Partners helps to administer the HouseCharlotte Program on behalf of the City of Charlotte.

This program provides stable, fixed-rate mortgage and down payment assistance of up to 5 percent of the loan amount. Repayment of the down payment is not required, unless the property is sold, refinanced, or transferred within 15 years.

In order to help more residents of Raleigh secure safe and affordable housing, the City provides assistance to qualifying individuals with its Homebuyer Program.

The City of Winston-Salem Homebuyer Assistance Program provides financial and technical assistance to first-time homebuyers with incomes less than 80% of the area median income.

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