NC Home Advantage Down Payment Assistance

About This Program

Down payment and closing cost assistance for first-time homebuyers using NC Home Advantage mortgage. Provides up to 3% of loan amount (max $8,000) as a zero-interest second mortgage, forgiven after 15 years of occupancy. Homebuyer education required.

Forgivable second mortgage for down payment/closing costs, up to 3% of loan

Key Details

• Up to $8,000 for down payment and closing costs
• Forgivable loan, no repayment after 15 years
• Must be first-time homebuyer
• Income and purchase price limits apply
• Homebuyer education certificate required

How to Apply

A grant-savvy contractor in Burlington, NC can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program, subject to funding availability