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Get Matched Free →Greensboro Homebuyer Assistance Program
How much assistance
Up to $25,000 (up to $30,000 in redevelopment areas) (Forgivable Loan)
Zero-interest forgivable loan forgiven over 5 years at 20% per year. If you remain in the home for 5 years, the loan is fully forgiven. Buyers in designated redevelopment areas may receive an additional $5,000 bonus.
Eligibility
- Income limits: Household income at or below 80% of the Area Median Income. Must be a current City of Greensboro resident.
- First-time buyer required: Yes — Must be a first-time homebuyer or have not owned a home within the past 3 years. First-time buyer requirement is waived for homes in designated redevelopment areas.
- Geographic restrictions: Home must be located within Greensboro city limits and serve as the buyer's primary residence.
- Homebuyer education required: Yes
How to Apply for Greensboro Homebuyer Assistance Program
Step 1: Confirm you meet eligibility requirements. Your household income must be at or below 80% of the Area Median Income, you must be a current Greensboro resident, and you must be a first-time homebuyer or have not owned a home in the past 3 years.
Step 2: Complete an 8-hour HUD-approved homebuyer education course through Housing Consultants Group. The course covers budgeting, financing, and the homebuying process. Your certificate is valid for one year.
Step 3: Contact Housing Consultants Group at (336) 553-0946, ext. 101, to discuss your eligibility and connect with an approved lender.
Step 4: Get pre-approved with a Greensboro Homebuyer Assistance Program approved lender. Not all lenders participate in this program. The City maintains a list of approved lenders.
Step 5: Find a home within Greensboro city limits that will serve as your primary residence. Assistance cannot exceed 20% of the purchase price.
Step 6: Submit your application through your approved lender at the time of your loan application. The lender handles the DPA request as part of the mortgage process.
Notes
Funded through federal HUD funding, Greensboro housing bonds, and the American Rescue Plan. The 80% AMI tier is the base offering of the Housing Connect GSO Homebuyer Assistance Program. Assistance cannot exceed 20% of the purchase price. Designated redevelopment areas include Dudley Heights, Eastside Park, Glenwood, Kings Forest, Mill District, Ole Asheboro, Random Woods, and Willow Oaks.