Down Payment Assistance

$15,000 Special Down Payment Assistance

Are you buying a home in Cabarrus, Cumberland, Guilford, Johnston or Mecklenburg Counties? That home purchase might be more affordable than you thought! If you meet certain criteria, you may qualify for $15,000 in down payment help in the form of a deferred, forgivable, five-year loan at zero interest. This loan is forgiven at a rate of 20% per year each year that you stay in the home, and fully forgiven after year 5. See eligibility requirements below.

The $15,000 down payment assistance for first-time home buyers is funded through the U.S. Department of the Treasury’s Hardest Hit Fund®. The five counties were selected based on a defined set of distressed housing market indicators and other criteria approved in cooperation with the U.S. Department of the Treasury. 

If you are not purchasing a home in one of the five targeted counties or are not a first-time buyer, you still may be eligible for down payment help up to 5% of the home price—available statewide with the N.C. Home Advantage Mortgage™.