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Buying a Home in North Carolina?

Down Payment Assistance in North Carolina

The North Carolina Housing Finance Agency has assisted thousands of North Carolinians in purchasing homes with an array of financing options that make buying a new home affordable. Our NC Home Advantage Mortgage™ offers down payment assistance up to 3% of the loan amount that can help first-time and move-up buyers get into a new home.

First-Time Home Buyer Assistance in North Carolina

First-time buyers (those who have not owned a home as their principal residence in the past three years) and military veterans may be eligible for other products as well. The NC 1st Home Advantage Down Payment offers $8,000 in down payment help that may provide a better boost for new buyers than the other down payment options available with the NC Home Advantage Mortgage™. Or, these buyers may qualify for the NC Home Advantage Tax Credit, which can save up to $2,000 in federal taxes each year for buyers who apply and are approved for a Mortgage Credit Certificate prior to their home purchase. (This can be combined with the NC Home Advantage Mortgage™ but not the NC 1st Home Advantage Down Payment.)

Community Home Buying Programs

We also work with local nonprofits and government agency to offer down payment assistance through our community home buying programs. If you are buying a home and your income is below 80% of your county’s median income, you may be eligible for up to 25% of the sales price in down payment help (maximum loan of $40,000) through our Community Partners Loan Pool. You may also receive home buying help through our Self  Help Loan  Pool, which provides zero interest, shared mortgage financing to help eligible low- and moderate-income buyers.

We Can Help!

As a public agency with a mission to create housing opportunities for North Carolinians, we have helped more than 130,000 home buyers. Whether you are a first-time home buyer or a current homeowner looking to move up, we may be able to help you, too! 

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Buy a Home

If you are planning to buy a home, the first step in this exciting journey is to review your options to see which mortgage product may be best for you!

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Find a Lender

Finding a lender that offers our products and meets your needs is easy. Browse our list of participating lenders to find the partner that’s right for you!

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Find a Real Estate Agent

We have trained thousands of North Carolina real estate agents on our mortgages. Let one help you find the best options for the home of your dreams!