NC Home Advantage Mortgage, NCHFA

NC Housing Finance Agency (NCHFA), state program

Active Home Repair

About This Program

The NC Home Advantage Mortgage is a competitive-rate first mortgage with down payment assistance up to 5% of the loan amount, fully forgiven after 15 years. First-time buyers and veterans may additionally access the NC 1st Home Advantage Down Payment of $15,000 (0% deferred, forgiven in years 11-15). Income limit is $152,000; purchase price cap is $495,000.

Estimate for $15,000 NC 1st Home Advantage DPA for a first-time buyer.

Key Details

  • Income limit: $152,000 household income
  • Purchase price cap: $495,000
  • 1st Home Advantage DPA: $15,000, forgiven 20%/yr in years 11-15
  • Minimum credit score: 640 (660 for manufactured homes)
  • Must complete homebuyer education course through NCHFA-approved provider

How to Apply

Visit Official Program Page Track this program

919-877-5700

Deadline: Rolling

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