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NCHFA $15k DOWNPAYMENT ASSISTANCE PROGRAM

$15,000 NC Home Advantage Program

This special LIMITED TIME ONLY down payment assistance for first time homebuyers is funded through the US Department of Treasury's Hardest Hit Fund. The five counties selected for this program were chosen to support homeownership in areas that experienced especially high rates of foreclosures during the recent recession.

General Program Overview:

  • $15k down payment assistance available ONLY in five counties which includes Mecklenburg County, Cabarrus County, Cumberland County, Guilford County, and Johnston County 
  • 5 year term at 0% interest and forgiven at 20% a year in years 1-5
  • DPA funds may be used towards down payment, MI, pre-paids and or closing costs
  • DPA loan is repayable if buyer no longer occupies property, refinances, or sells before fully forgiven in five years

Property Criteria:

  • Property MUST be an existing home.  NEW homes or new construction homes are NOT eligible
  • Max sells price can not exceed $245,000

Borrower Requirements:

  • Credit score must be *640 or higher  (* subject to change)
  • First Time Homebuyers ONLY or no prior ownership within the last 36 months
  • TOTAL household income must not exceed the income limits.  See NCHFA income Limit Chart
  • Pre-purchase education certificate required. Homebuyer Education can be done online or in person

 

Helpful Links: 

NC Home Advantage Overview

NCHFA Down Payment Assistance

Eligibility Requirements

Apply for program

Q & A about NC Home Advantage Mortgage

MCC Credit

$15, 000 Down Payment Assistance

Search for Homes 

Charlotte NC area Real Estate

If you would like more information about the NC Home Advantage Mortgage loan program, please fill out the form below or you can call us at 704-965-3319.  

If you meet the eligibility requirements and would like to get pre-approved through a NCHFA preferred lender,  you can now APPLY ONLINE for a quick approval.








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Top Charlotte Realtor Trena Miller
Premier Agent  Five Star Realtor
Trena Miller

Pruitt Miller Realty Group
Charlotte, NC 28262

704-965-3319
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Trena Miller | 704-965-3319 | Contact Us
10130 Mallard Creek Rd #300 - Charlotte, NC 28262
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