NC 1st Home Advantage Down Payment, $15,000 DPA

NC Housing Finance Agency (NCHFA)

Active Home Repair

About This Program

The NC 1st Home Advantage Down Payment program offers $15,000 as a 0% interest deferred second mortgage to first-time homebuyers and military veterans who qualify for the NC Home Advantage Mortgage. The $15,000 is forgiven at 20% per year at the end of years 11-15. Income limit is $152,000; purchase price cap is $495,000.

Full $15,000 DPA award for an eligible first-time buyer.

Key Details

  • First-time buyers and veterans only
  • Income limit: $152,000; purchase price cap: $495,000
  • $15,000 at 0%, no payments; forgiven 20%/year in years 11-15
  • Must pair with NC Home Advantage Mortgage through approved lender
  • Requires homebuyer education course

How to Apply

Visit Official Program Page Track this program

919-877-5700

Deadline: Rolling, through participating lenders

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