North Carolina · Forgivable loan

NC 1st Home Advantage Down Payment

$15,000

$15,000 flat. 0% interest, deferred, forgiven at 20%/year during years 11-15. For first-time buyers and veterans.

NCHFA's Community Partners DPA provides additional assistance for first-time buyers through community organizations. The stacked assistance supplements NC Home Advantage for buyers who need more help reaching their down payment goal.

Amount$15,000

TypeForgivable loan

Available inNorth Carolina

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Stack with NC Home Advantage 3% for combined DPA. $15K covers most FHA down payments in NC.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

NC Home Advantage Mortgage 3% of loan amount — repeat buyers welcome

North Carolina · Deferred 0% loan

NC Community Partners Loan Pool (CPLP) Up to 25% of price — stackable to $65K+

North Carolina · Deferred loan

NC Mortgage Credit Certificate Annual tax credit for life of loan

North Carolina · Annual tax credit

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We'll show you how to combine NC 1st Home Advantage Down Payment with other programs to maximize your free money — personalized to your ZIP code and income.

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