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$15,000 Special Down Payment Assistance

Are you buying a home in Cabarrus, Cumberland, Guilford, Johnston or Mecklenburg Counties? That home purchase might be more affordable than you thought! If you meet certain criteria, you may qualify for $15,000 in down payment help in the form of a deferred, forgivable, five-year loan at zero interest. This loan is forgiven at a rate of 20% per year each year that you stay in the home, and fully forgiven after year 5. See eligibility requirements below.

The $15,000 down payment assistance for first-time home buyers is funded through the U.S. Department of the Treasury’s Hardest Hit Fund®. The five counties were selected based on a defined set of distressed housing market indicators and other criteria approved in cooperation with the U.S. Department of the Treasury. 

If you are not purchasing a home in one of the five targeted counties or are not a first-time buyer, you still may be eligible for down payment help up to 5% of the home price—available statewide with the N.C. Home Advantage Mortgage™

Report Fraud

The North Carolina Housing Finance Agency holds an obligation to the citizens of North Carolina to conduct business in a legal and ethical manner. This includes protecting the State and Federal assets from waste, inefficiency, misuse, and theft and from behavior that does not enhance the public trust and confidence in our Agency. If you know of, or suspect, any fraud, waste, or abuse related to the Hardest Hit Fund, please contact one of the following:

Am I Eligible?

You may be eligible for the $15,000 Down Payment Assistance if:

  • You are a first-time home buyer or military veteran
  • You have a credit score of 640 or higher
  • You complete an in-person or online home buyer education course
  • Your annual income doesn’t exceed certain limits

What Properties Are Eligible?

  • Previously-occupied homes with a sales price at or below $245,000

Get Started


If you are eligible for NC Home Advantage Mortgage™ with the $15,000 Down Payment Assistance, download our home buyer certificate to take to a participating lender.

Download Home Buyer Certificate


Ready for the next step? Browse our list of participating lenders to find one near you!

Find a Lender