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

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

Deadline: Rolling — through participating lenders