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NC Home Advantage Mortgage™

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. 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 after 10 years in the home.

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) to increase your savings even more! We offer these products statewide through participating lenders.

See below to see if you and the property you are interested in are eligible for the NC Home Advantage Mortgage™ 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

1

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

2

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

Find a Lender