North Carolina Housing Finance Agency

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NC Home Advantage Mortgage™ & Home Buyer Programs

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North Carolina Housing Finance AgencyNCFirst-Time HomeownerNC Home Advantage Mortgage pairs thirty year fixed rate FHA, VA, USDA, and conventional loans with built in down payment assistance that is structured as a subordinate second loan and may be forgiven according to program rules.

Updated: Dec 6, 2025

NCHFA’s NC Home Advantage Mortgage™ program offers affordable fixed-rate mortgages with built-in down payment assistance for first-time and repeat buyers across North Carolina.

Eligible for: First-time and move-up home buyers in North Carolina who meet NC Home Advantage Mortgage™ credit, income, and purchase-price requirements an…

Funding: Offers down payment assistance up to three percent of the loan amount for eligible buyers and connects first time buyers and veterans to the fixed fifteen thousand dollar NC 1st Home Advantage Down Payment option when they qualify.Deadline: Rolling, while NCHFA programs and bond-funded assistance remain availableRollingStatewidehomebuyerfirst-time homebuyermove-up homebuyerveteran homebuyerlow-income homebuyerNorth Carolina residentdown payment assistanceclosing cost assistancesecond mortgageforgivable loanaffordable mortgagestate HFA loanbond program

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NC 1st Home Advantage Down Payment

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North Carolina Housing Finance Agency (NCHFA)NCFirst-Time HomeownerFlat fifteen thousand dollar zero percent interest deferred second mortgage that is forgiven over years eleven through fifteen when the buyer keeps the home as a primary residence.

Updated: Dec 6, 2025

North Carolina’s NC 1st Home Advantage Down Payment program provides a flat $15,000 in down payment help for qualifying first-time buyers and veterans using an NC Home Advantage Mortgage™.

Eligible for: First-time home buyers and eligible military veterans in North Carolina who qualify for an NC Home Advantage Mortgage™, meet income and purc…

Funding: Provides a flat fifteen thousand dollars in down payment assistance as a zero percent interest deferred second mortgage that is fully forgiven by year fifteen for buyers who remain in the home.Deadline: Rolling, subject to funding and NC Home Advantage Mortgage™ availabilityRollingStatewidehomebuyerfirst-time homebuyerveteran homebuyerlow-income homebuyerNorth Carolina residentdown payment assistance0% interestdeferred loanforgivable loansecond mortgagestate HFA loanveteran benefit

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