About NC Home Advantage Program

This is a down payment assistant program up to 5% of the mortgage loan amount. It’s a forgiving loan after 15 years of living in the loan property.


  • Don’t have to be a current resident of North Carolina, as long as you are planning to buy in NC.
  • Don’t have to be a first time home buyer, as long as you haven’t owned a home in the past 3 years.
  • Your annual income can’t exceed $87,000.

Special $15,000 Down Payment Assistant Program.

  • This down payment assistant program only in the following counties: Mecklenburg, Cabarrus, Cumberland, Guilford, and Johnston Counties. This program is with 30 years of fixed FHA, VA, USDA loan. Click Here for NC Bond Program.
  • Must be 1st time home buyer or military veteran.
  • Credit Score has to be at 640 or above.
  • Annual Income can’t exceed guideline limits.
  • You must attend & complete the Homebuyer education course.

NC Home Program Advantage Rate

(This rate changes daily)
  • FHA with 3% Assistance: 4.5%
  • FHA with 5% Assistance: 5.5%
  • 97% Conventional with 3% Assistance: 4.875%
  • $15,000 Down Payment Assistance: 4.75%
NC Bond Programs, NC Housing Finance Agency, FHA.com in NC

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