Buncombe County Down Payment Assistance Program

Administered by: Buncombe County Community Development Division · County · Deferred Loan

Funding status: Active

How much assistance

Up to 10% of the affordable home purchase price (Deferred Loan)

Non-forgivable 0% interest loan. Repayment deferred until resale or transfer of the property.

Eligibility

  • Income limits: At or below 80% AMI for Buncombe County
  • First-time buyer required: Yes
  • Geographic restrictions: Must purchase in Buncombe County.
  • Homebuyer education required: Yes

How to Apply for Buncombe County Down Payment Assistance Program

Step 1: Complete a homebuyer education course.

Step 2: Contact Mountain Housing Opportunities or Asheville Area Habitat for Humanity, the two organizations that administer the county's DPA funds.

Step 3: Verify your income is at or below 80% AMI.

Step 4: Find an affordable home for sale in Buncombe County.

Step 5: Apply through the administering organization.

Step 6: Contact Buncombe County Community Development at (828) 250-5560 for more information.

Visit program website

Notes

County funds are administered through Asheville Area Habitat for Humanity and Mountain Housing Opportunities. Post-Tropical Storm Helene, the 2025-2026 funding cycle prioritizes residents permanently displaced by the storm.

Cities Where This Program Is Available