Skip to main content

NC Home Advantage Mortgage™

First-Time and Move-Up Home Buyers

Purchasing a home can be overwhelming and complicated. It is our goal to make it simpler by offering affordable mortgage options and connecting you with experienced home buying partners.

Down Payment Assistance

For both first-time and move-up home buyers, our NC Home Advantage Mortgage™ provides qualified individuals with stable, fixed-rate mortgages and down payment assistance up to 5% of the loan amount. Even better, repayment of the down payment is required only if you sell, refinance or transfer your home before year 15—the down payment assistance is forgiven at 20% per year starting at the end of year 11.

As an added bonus, if you are a first-time buyer or a military veteran, you may also be eligible to combine this program with a Mortgage Credit Certificate (MCC) which could save you up to $2,000 per year on your federal taxes.

We offer these products statewide through participating lenders statewide.

Find a Lender

Want to learn more first? Watch the video below about how NC Home Advantage Mortgage™ may be your perfect mortgage match. And then see the eligibility requirements on this page to see if you might qualify and to learn how to get started.

Am I Eligible?

You may be eligible for an NC Home Advantage Mortgage™ if:

  • You are purchasing a new or existing home in North Carolina
  • You occupy the home as your principal residence within 60 days of closing
  • Your annual income doesn’t exceed $87,500
  • Your credit score is 640 or higher
  • You are applying for an FHA, USDA, VA or conventional loan through a participating lender and meet the sales price limits of the loan type
  • You are a legal resident of the United States

What Properties are Eligible?

  • New and previously owned single-family homes
  • Townhouses
  • Condominiums
  • Duplexes
  • New manufactured homes (660 credit score required)

Get Started


If you are eligible for the NC Home Advantage Mortgage™, 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