The City of Charlotte and Charlotte- Mecklenburg Housing Partnership, INC. (CMHP/ The Housing Partnership) has joined forces to more efficiently administer the House Charlotte Program.
The House Charlotte Program is a 10-year deferred, forgivable loan up to $10,000 to qualified buyers. Funds can be used to cover down payment assistance, closing costs and interest rate buy-down. A 6-8 hour homebuyer class is required.
House Charlotte Program Features:
Funding up to $5000 for families with income ranging above 80% to 110% AMI (Area Median Income).
Funding up to $7500 for families with income at 80% AMI or below.
Funding up to $10,000 for families with income at or below 60% AMI ($10,000 available only on select homes located in HouseCharlotte neighborhoods).
Funding up to $10,000 for buyers who are employed as sworn CMPD police officers. (this is a 5-year deferred forgivable loan).
House Charlotte Program Eligibility Guidelines:
Families with incomes that are 110% or less of the median income are eligible for assistance. Participants must complete pre-purchase homebuyer education program.
The home must be a family's primary residence and located in any of the HouseCharlotte designated neighborhoods.
Maximum purchase price of home is $155,000.
The House Charlotte Program in spite of recent changes continues to be one of the best First Time Homebuyer Down Payment Assistance Programs in Charlotte NC. This program is an excellent source of down payment assistance for those looking to purchase a home in the Charlotte North Carolina area. The House Charlotte Program is a program designed for First Time Homebuyers with a maximum incentive of $10,000 given to eligible First Time Home Buyers that qualify.
Currently, there are over 500 properties around the Charlotte, Mecklenburg County area that qualify for this program. If you would like more information about the House Charlotte Program or any other First Time Homebuyer Programs, fill out our House Charlotte Information Request Form below or you may call us directly at 704-965-3319.
Apply for House Charlotte Funds? You can nowApply Online for quick approval.