Grants, forgivable loans, and subsidized mortgages — many North Carolina buyers qualify for $155,000+ in assistance and don't even know it.
Find your programs →Click any program for full details, eligibility, and how to apply.
Up to 3% of loan amount for down payment. 0% deferred, forgiven after 15 years. First-time AND move-up buyers.
Deferred 0% loanHouse-hack eligible$15,000 flat. 0% interest, deferred, forgiven at 20%/year during years 11-15. For first-time buyers and veterans.
Forgivable loanHouse-hack eligibleUp to 25% of sales price for buyers under 80% AMI. Can stack with NC Home Advantage for up to $65K total.
Deferred loanFederal tax credit on a portion of annual mortgage interest paid, reducing your taxes every year you own.
Annual tax credit$10K (80-110% AMI), $30K (≤80% AMI), or $80K for city employees. 0% forgivable after 15-30 years.
Forgivable loanUp to $45,000 standard or $60,000 in targeted areas. For buyers under 80% AMI in City of Raleigh.
DPA program3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.
Subsidized loanHouse-hack eligibleZero down payment, no PMI for eligible veterans and active-duty service members.
Federal benefitHouse-hack eligibleZero down payment for rural and suburban areas. 97% of US land qualifies.
Subsidized loan3% down with reduced mortgage insurance for low-to-moderate income buyers.
Subsidized loanHouse-hack eligible3% down with flexible funding sources including gifts and employer assistance.
Subsidized loanHouse-hack eligibleNo down payment, no closing costs, no PMI, below-market rate. Character-based lending.
Nonprofit programHouse-hack eligible50% off purchase price for teachers, law enforcement, firefighters, and EMTs.
GrantThere are 6 state-specific programs and 7 federal programs available in North Carolina, totaling 13 programs.
Not all programs require first-time buyer status. Several North Carolina programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.
Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.