North Carolina homebuyers can access up to $9,900 in down payment assistance through the North Carolina Housing Finance Agency (NCHFA). On the state's $337,813 median home price, that covers roughly 15% of a standard 20% down payment. North Carolina has 2 state DPA programs total.
Primary Program: NC Home Advantage Mortgage DPA
maximum assistance
Forgiven after 15 years if you remain in the home as your primary residence.
- Administering Agency
- North Carolina Housing Finance Agency (NCHFA)
- Purchase Price Cap
- $481,176
- Forgiveness Term
- 15 years
Additional North Carolina DPA Programs
NC 1st Home Advantage Down Payment
Forgivable Loan$15,000
Forgiven over time if you remain in the home as your primary residence.
Apply / Learn MoreHow Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
North Carolina median pre-loaded
Your Savings Plan
Timeline
11.3 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in North Carolina?
North Carolina's primary DPA program is the NC Home Advantage Mortgage DPA, administered by the North Carolina Housing Finance Agency (NCHFA). It provides up to $9,900 as a forgivable loan. Forgiven after 15 years if you remain in the home as your primary residence. Additional programs include NC 1st Home Advantage Down Payment.
How much down payment do I need in North Carolina after using DPA?
On a $337,813 home (North Carolina median), a 20% down payment is $67,563. With the NC Home Advantage Mortgage DPA covering $9,900, your remaining gap would be $57,663. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay North Carolina down payment assistance?
Forgiven after 15 years if you remain in the home as your primary residence.
Can I combine North Carolina DPA with other assistance programs?
Yes — North Carolina's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for North Carolina down payment assistance?
The NC Home Advantage Mortgage DPA uses a dollar-based income limit rather than a percentage of AMI. Check the North Carolina Housing Finance Agency (NCHFA) website for current limits in your area.
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