Down Payment Assistance products offered in North Carolina include: CHENOA Fund Program, House Charlotte, Town of Davidson, City of Concord, North Carolina Housing Finance Agency (NCHFA), Home Advantage Mortgage Loan Program, NCHFA Community Partners Loan Pool, City of Raleigh Citywide Homeownership Program, and the Within Reach Program. To see which program may be right for you, get started on your application today!

Available Programs

City of Concord, HOME Program

Down Payment Assistance is available for eligible homebuyers in the City of Concord, North Carolina.

Availability: Concord, NC

  • $7,500 in assistance in the form of a 0% interest, and a forgivable deferred 2nd lien loan. Payments may be forgivable after 5 years.
  • Some deed restrictions may apply
  • This program is available to 1st time homebuyers only
  • Borrowers must also complete a homebuyer education course
  • Homebuyers are eligible for assistance on an owner-occupied, single family residence
  • Purchase only, no refinance transactions
  • Income restrictions apply
  • DPA program is offered for FHA, VA, and Conventional fixed rate mortgage programs

The North Carolina Housing Finance Agency (NCHFA) Home Advantage Mortgage™ Program

The NCHFA Home Advantage Mortgage™ program is available to those in North Carolina.

Availability: North Carolina

  • Down payment assistance up to 5% on the Home Advantage Program
  • Up to $8,000 on the NC 1st Home Advantage Program for qualifying military veterans and first time homebuyers
  • 30-year fixed term with full amortization on the first mortgage
  • Conventional, FHA, VA, and USDA loan types available
  • Homebuyer Education course required
  • Credit and income restrictions may apply

North Carolina Housing Finance Agency Community Partners Loan Pool

The NCHFA Community Partners Loan Pool is offered to use along with the NCHFA Home Advantage Program. It is a first and second mortgage program for homes within North Carolina.

Availability: North Carolina

  • Down payment assistance up to 20% of the purchase price not to exceed $30,000 combined with a NC Home Advantage Mortgage
  • Used with NCHFA Home Advantage 1st Program
  • FHA, VA, or Conventional loan types available
  • Homebuyer Education course required
  • Credit, income and property restrictions may apply

Within Reach Program

The Within Reach Program is a second, forgivable mortgage and is available in North Carolina.

Availability: North Carolina

  • Down payment assistance up to 6% of the note amount
  • 30-year fixed term with full amortization on the first mortgage
  • FHA loan types only
  • Homebuyer education course is required
  • Credit and income restrictions may apply

Some program restrictions and requirements apply. Loan program availability is subject to change without notice. Some programs may have a first-time homebuyer requirement. The type of DPA and lien position will vary for each loan program. OnQ0405180681Y000003h4og

Loan down payment example is based on a 30 year fixed conventional mortgage loan with 4.0% down (provided through the Down Payment Assistance program). Amounts are based on loan amount of $200,000, interest rate of 5.375%, APR of 6.190%, $6,551 due from borrower at closing ($8,000 down payment paid through down payment assistance program). Approximate monthly payment of $1525. All amounts shown are estimates provided for educational and comparison purposes only and will vary for each loan. Borrower will be responsible for down payment beyond what is provided by the program as well as any fees and costs associated with the loan. Down payment assistance may come in the form of a forgivable or non-forgivable lien. Income and geographic restrictions apply. Homebuyer education may be required for certain payment assistance programs. Program availability is subject to change without notice. Additional restrictions may apply. On Q Financial, Inc. is an Equal Housing Lender. Loan amounts and fees will vary based on program used. Loan Amounts on FHA Scenario’s include an FHA 1.75% upfront fee. Loan Amounts on VA scenario’s include a 2.15% VA Funding Fee (Based on Regular Military 1st time usage)-No down payment required unless sales price exceeds appraised value. A USDA Guarantee fee will be charged and financed into the loan. The USDA Guarantee Fee is 1% of the loan amount and the USDA Annual Fee is 0.35% as of 06/01/2018. The USDA Annual Fee is to be paid monthly as part of the mortgage payment.