NCHFA Grant Program



The NCHFA has released a down payment assistance program available to first time homebuyers and military veterans in five North Carolina Counties. This program offers $15,000 in down payment assistance from the U.S. Department of the Treasury’s Hardest Hit Fund to those who are eligible.

Eligible counties include Cabarrus, Cumberland, Guilford, Johnston and Mecklenburg. Eligible buyers in these areas can receive a five-year, deferred second mortgage loan. The down payment assistance is combined with the NCHFA Home Advantage Mortgage and is forgiven at a rate of 20% per year for each full year the buyer stays in the purchased home. After five years in the home, the buyer is not obligated to repay the grant.

This program is only available to first-time homebuyers and military veterans who meet certain household income requirements. Buyers must have a credit score of 640 or higher and must be purchasing a previously owned home with a maximum sales price of $245,000.