Fixed-rate first mortgage with optional down payment assistance up to 3% of the loan amount. DPA is a 0% interest deferred second, forgiven 20% per year in years 11-15 (fully forgiven at year 15).

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Not required
• Primary residence only
• Minimum FICO: 640
• Maximum DTI: 43%
• Income: Household income up to $158,000 (see NCHFA schedule for current limits).
• Homebuyer education required

Available to both first-time and move-up buyers statewide. Minimum credit score 660 for manufactured homes.

Source: www.nchfa.com

Up to $15,000 as a 0% deferred second mortgage. Forgiven 20% per year at the end of years 11-15; fully forgiven at year 15.

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Required
• Primary residence only
• Minimum FICO: 640
• Maximum DTI: 43%
• Income: County and family size based limits per NCHFA schedule.
• Homebuyer education required

First-time buyers (no home owned in the past 3 years), military veterans, or buyers purchasing in a targeted census tract. Minimum credit score 660 for manufactured homes. Must be paired with an NC Home Advantage Mortgage. Cannot be combined with the NC Home Advantage Tax Credit.

Source: www.nchfa.com

At or below 80% AMI: up to $30,000, plus up to $50,000 in matching funds (up to $80,000 total). 80-110% AMI: up to $10,000, plus up to $20,000 in matching funds (up to $30,000 total). Deferred, forgivable loan with a 30-year term, forgiven at year 31.

First-time homebuyers only. Primary residence within Charlotte city limits. Maximum sales price $365,000. City of Charlotte, Mecklenburg County, and CMS employees in the 80-110% AMI tier can receive up to $30,000 with no match required.

Source: www.charlottenc.gov