Up To $15,000 Down Payment Assistance Grant In North Carolina

If you reside in North Carolina, or if you are planning to move there, and want to purchase your first home, the North Carolina Housing Finance Agency provides down payment grants up to $15,000, depending upon the county in which you intend to purchase your property.




North Carolina First Time Home Buyer GrantsIf you’re a first-time buyer and plan to purchase a residence in Cabarrus, Cumberland, Guilford, Johnston or Mecklenburg counties, you might be eligible for $15,000 down payment assistance grant which comes in the form of a five-year, deferred loan at zero interest. If you reside in your home for five years, you won’t need to repay the down payment loan – it is forgiven at 20% per year for each full year you stay in the home. In effect, this loan turns into a grant.

The special $15,000 down payment grant for first-time homebuyers is available through funding from the U.S. Department of the Treasury’s Hardest Hit Fund®. The five counties were chosen to encourage homeownership in areas that experienced especially high rates of foreclosure during the previous recession.

The N.C. Housing Finance Agency is offering the down payment assistance to be used in combination with the Agency’s 30-year, fixed-rate N.C. Home Advantage Mortgage™. Please be aware that if you qualify for this specific North Carolina first time home buyer grant, you will not be eligible for the down payment assistance normally offered with the N.C. Home Advantage Mortgage™.

To find out more about this grant program, visit the North Carolina Housing Finance Agency’s webpage here, or contact them directly at:

Mailing Address:
North Carolina Housing Finance Agency
P.O. Box 28066
Raleigh, NC 27611-8066

Street Address:
North Carolina Housing Finance Agency
3508 Bush Street
Raleigh, NC 27609-7509

Phone Numbers:
919-877-5700
800-393-0988 FREE

North Carolina First Time Home Buyer Grants