Skip to main content

NC 1st Home Advantage Down Payment

The current federal government shutdown may impact the use of USDA loans for our mortgage products. Please contact your lender with questions.

If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage™, you may be eligible for $8,000 in down payment assistance with the NC 1st Home Advantage Down Payment.

Similar to the other down payment assistance options available with the NC Home Advantage Mortgage™, this down payment help is a 0 percent, deferred second mortgage, which is forgiven 20 percent per year at the end of years 11-15, with complete forgiveness at the end of year 15.

Am I Eligible?

You may be eligible for NC 1st Home Advantage Down Payment if:

  • You are a first-time home buyer (you haven't owned a home as your principal residence in the past three years) or a military veteran or are buying in a targeted census tract.
  • You meet the income and sales price limits.
  • You are purchasing a home in North Carolina.
  • You occupy the home as your principal residence within 60 days of closing.
  • Your credit score is 640 or higher.
  • You are a legal resident of the United States.

What Properties are Eligible?

  • Single-family homes.
  • Townhouses.
  • Condominiums.
  • New manufactured homes (660 credit score required).

Get Started

1

If you are eligible for the NC Home Advantage Mortgage™ and the NC 1st Home Advantage Down Payment, 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