City of Raleigh Down Payment Assistance Program

City of Raleigh Housing & Neighborhoods

Available Down Payment

About This Program

The City of Raleigh provides down payment assistance up to $20,000 to income-qualified first-time homebuyers purchasing within city limits. Funds are provided as a forgivable deferred loan. North Carolina Housing Finance Agency (NCHFA) also offers the NC Home Advantage Mortgage with DPA of up to 3% or 5% of the loan amount for eligible buyers.

First-time homebuyers in Raleigh at or below 80% AMI

Key Details

  • Up to $20,000 in down payment assistance for Raleigh buyers
  • Forgivable deferred loan, no monthly payment
  • NCHFA NC Home Advantage Mortgage DPA can be layered
  • Income limit: 80% AMI for Wake County
  • Contact Raleigh Housing & Neighborhoods: 919-996-4330

How to Apply

Deadline: Rolling, contact Raleigh Housing & Neighborhoods

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