North Carolina · Deferred 0% loan

NC Home Advantage Mortgage

3% of loan amount — repeat buyers welcome

Up to 3% of loan amount for down payment. 0% deferred, forgiven after 15 years. First-time AND move-up buyers.

NC Home Advantage provides up to 5% of the loan amount in DPA for first-time and repeat buyers. The assistance is a 0% interest deferred second mortgage — no monthly payments until you sell or refinance. North Carolina is one of the few states offering DPA to repeat buyers.

Amount3% of loan amount — repeat buyers welcome

TypeDeferred 0% loan

Available inNorth Carolina

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

One of few state DPA programs available to repeat buyers. Income limit $152K, price cap $495K.

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 1st Home Advantage Down Payment $15,000

North Carolina · Forgivable 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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