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Community Home Buying Programs

The North Carolina Housing Finance Agency offers programs to help local governments and nonprofit organizations finance new housing and rehabilitate existing housing 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

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 $40,000, 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 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 6 hours of home buyer education as well as 2 hours of one-on-one 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.

Low Mortgages: Self-Help Loan Pool

SHLP  provides zero-interest, shared mortgage financing to help eligible low- and moderate-income buyers purchase homes built and sold by a SHLP member, a participating Habitat for Humanity affiliate.

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. In addition, borrowers must complete 6 hours of Home Buyer Education as well as 2 hours of one-on-one 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

Buyers through the CPLP and SHLP programs must complete 6 hours of home buyer education and 2 hours of one-on-one pre-purchase counseling from a HUD-approved provider. 

You can meet this requirement by completing a home buyer class offered by a CPLP member.

Find CPLP Housing Counseling