Community Home Buying Programs

The North Carolina Housing Finance Agency offers down payment assistance and low-cost financing for North Carolinians with low and moderate incomes. If you are buying a home and your income is below 80% of your county’s area median income, you may be eligible to receive home buyer assistance from one of our Community Home Buying Programs: Community Partners Loan Pool (CPLP) or Self-Help Loan Pool (SHLP).

Down Payment Assistance: Community Partners Loan Pool (CPLP)

The CPLP is the Agency’s most generous down payment assistance program for eligible low- and moderate-income home buyers. Borrowers can receive up to 25% of the sales price or a maximum loan of $50,000, whichever is less. Our assistance is provided as a zero interest, subordinate loan that must be combined with an  NC Home Advantage Mortgage™ or a USDA Section 502 Direct loan. Borrowers must apply for assistance working with a participating CPLP member.

Eligible borrowers must meet household income limits and sales price limits. In addition, borrowers must complete six hours of home buyer education as well as two hours of one-on-one in-person pre-purchase counseling provided by a HUD-approved housing counseling agency (see below for Housing Counseling Requirements and Resources).

For more information, please review the Frequently Asked Questions about CPLP for Potential Home Buyers or contact a CPLP member.

Shared Mortgages with Habitat: Self-Help Loan Pool (SHLP)

SHLP works with participating Habitat for Humanity affiliates (SHLP Member) provides zero-interest, shared mortgage financing to help eligible low- and moderate-income buyers purchase a Habitat home.

Eligible buyers must participate in the construction or rehab of the home they are purchasing. In addition, they must also meet program underwriting requirements, including household income limits, and purchase a home that does not exceed program sales price limits. Borrowers must also complete six hours of home buyer education as well as two hours of one-on-one in-person pre-purchase counseling provided by a HUD-approved housing counseling agency (see below for Housing Counseling Requirements and Resources).

For more information, please contact a SHLP member.

Housing Counseling Requirements and Resources

All CPLP and SHLP borrowers must complete a minimum of 6 hours of home buyer education and two hours of one-on-one in-person pre-purchase counseling from a HUD-approved provider. For more information about your options, please talk with the CPLP member or SHLP member helping you apply for assistance. 

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North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

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All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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