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$15,000 Special Down Payment Assistance

If your client is buying a home in Cabarrus, Cumberland, Guilford, Johnston or Mecklenburg Counties, he or she may be eligible for $15,000 in down payment assistance. This assistance is offered as a deferred, zero-interest loan that is forgiven at 20% each year. The loan is fully forgiven after year five. This help, offered with our NC Home Advantage Mortgage™, can reduce the amount of money that your buyer has to bring to the table. Loans are offered through our participating lenders statewide. 

Buyer Eligibility

To be eligible for the $15,000 Down Payment Assistance, your buyers must:

  • Be a first-time home buyer or military veteran
  • Have a credit score of 640 or higher
  • Complete an in-person or online home buyer education course
  • Have an annual income that doesn’t exceed certain limits (the same as those for the Mortgage Credit Certificate)

Property Eligibility

The $15,000 Down Payment Assistance can be used to purchase:

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

Get Started


If you would like to provide your clients with more information on the $15,000 down payment assistance, we have materials to explain how it works.

Download Flier


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