City of Raleigh Homebuyer Assistance Program

Open

City of Raleigh Housing & Neighborhoods DepartmentNCFirst-Time Homeowner

Funding: Offers zero interest deferred loans up to forty five thousand dollars in most areas of Raleigh and up to sixty thousand dollars in designated target areas to cover down payment and closing costs for eligible buyers.City of Raleigh zero interest deferred payment second mortgage that covers down payment and closing costs up to forty five thousand dollars in most areas of the city and up to sixty thousand dollars in designated target areas.RollingDeadline: Scope: Localstate

Updated: Dec 6, 2025

Summary

Raleigh’s Homebuyer Assistance Program offers up to $45,000–$60,000 in zero-interest deferred loans to help first-time buyers overcome down payment and closing cost barriers.

Benefits

down payment assistanceclosing cost assistance0% interestdeferred loancity programtarget-area incentivelarge assistance amount

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerRaleigh resident

Eligible Locations

First time homebuyers purchasing an owner occupied home within Raleigh city limits who meet income limits, property price caps, credit guidelines, and program underwriting standards and who complete a city approved homeownership class with an approved lender and eligible property type such as a single family home, townhome, or condo.

Eligibility

First-time homebuyers purchasing an owner-occupied home within Raleigh city limits who meet income limits, property price caps, and credit guidelines; must complete a city-approved homeownership class and work with an approved lender and eligible property type (single-family home, townhome, or condo)

Full Description

The City of Raleigh Homebuyer Assistance Program is a high-impact local initiative targeting first-time buyers who are ready to own but lack sufficient upfront cash. Eligible buyers can receive a large zero-interest, deferred loan that covers all or most of their down payment and closing costs, with maximum assistance of $45,000 citywide and $60,000 in designated target areas. No monthly payments are due as long as the buyer continues to occupy the home as a primary residence; repayment is triggered when the property is sold, refinanced, or otherwise transferred. Applicants must meet income and purchase-price limits, complete an approved homeownership education course, choose an eligible property type within the city, and work with an approved lender, making this program a powerful tool for building long-term homeownership and stability in Raleigh.

Verification & Details

Status: Open

Source: raleighnc.gov

Official source → raleighnc.gov

Apply on official siteUpdated Dec 6, 2025

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More statewide programs

Explore additional grants available throughout North Carolina that complement this opportunity.

Homeownership Assistance Program (HAP)

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City of Greenville – Down Payment Assistance Programs

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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.

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NC 1st Home Advantage Down Payment

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City of Durham Down Payment Assistance (DPA) Program

Open

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Updated: Dec 6, 2025

Durham’s Down Payment Assistance Program provides up to $80,000 in 0% interest forgivable assistance to help first-time buyers purchase homes within the city.

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Funding: Provides up to eighty thousand dollars in down payment and closing cost assistance as a zero percent interest forgivable loan that can significantly reduce the first mortgage amount and monthly housing costs for income eligible households.Deadline: Rolling, subject to annual funding allocations and program guidelinesRollingLocalhomebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerDurham residentdown payment assistanceclosing cost assistance0% interestforgivable loancity programlarge assistance amount

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