High Point City-Wide Homebuyer Assistance Program
Funding status: Active
How much assistance
Up to $7,500 (Forgivable Loan)
Five-year loan at 0% interest, forgiven at 20% per year over 5 years of owner-occupancy.
Eligibility
- Income limits: Very low-to-moderate income (80% AMI or below)
- First-time buyer required: Yes
- Geographic restrictions: Must purchase within High Point city limits.
- Homebuyer education required: Yes
How to Apply for High Point City-Wide Homebuyer Assistance Program
Step 1: Complete a minimum of 8 hours of pre-purchase homebuyer education.
Step 2: Contact the Housing Consultants Group at (336) 553-0946 ext. 1 for class information.
Step 3: Ensure you meet income requirements and have less than $20,000 in assets.
Step 4: Invest a minimum of $500 toward the purchase.
Step 5: Work with a participating lender to get pre-approved.
Step 6: Find a home within High Point city limits that meets minimum housing code requirements.
Notes
Deferred, low-interest loan covers down payment, closing costs, and pre-paid expenses. Environmental review required.