Bootcamp For Buyers

First Time Homebuyer Programs in North Carolina

North Carolina offers a variety of first-time homebuyer programs through the North Carolina Housing Finance Agency (NCHFA). These programs provide financial assistance, affordable loans, and resources tailored to first-time buyers.

NC Home Advantage Mortgage

The NC Home Advantage Mortgage provides affordable fixed-rate loans for first-time and repeat buyers.

  • Offers a 30-year fixed-rate mortgage with competitive interest rates.
  • Includes up to 3% down payment assistance, repayable only if the home is sold or refinanced within 15 years.
  • Available for FHA, VA, USDA, and conventional loans.

NC 1st Home Advantage Down Payment Program

This program provides additional down payment assistance exclusively for first-time buyers and military veterans.

  • Offers up to $15,000 in down payment assistance.
  • Structured as a deferred loan, forgiven at 20% per year after year 10.
  • Must be used with an NC Home Advantage Mortgage.

Community Partners Loan Pool (CPLP)

The CPLP program works with local organizations to provide tailored financial assistance for eligible buyers.

  • Provides up to 25% of the home’s purchase price for down payment and closing costs.
  • Structured as a second mortgage with 0% interest, deferred repayment.
  • Eligibility includes income and purchase price limits based on location and household size.

North Carolina’s first-time homebuyer programs are designed to make homeownership more accessible and affordable. Explore these opportunities to find the perfect fit for your needs and take the first step toward owning your dream home in the Tar Heel State.