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NC Home Advantage Mortgage

Administered by:
NC Housing Finance Agency (NCHFA)
· State · Deferred Loan
Funding status: Active

How much assistance

Up to 3% of the loan amount
0% interest deferred second mortgage. Forgiven at 20% per year at end of years 11-15. Fully forgiven after year 15. Repayment required if home is sold, refinanced, or transferred before year 15.

Eligibility

  • Income limits: $158,000 annual household income (statewide)
  • First-time buyer required: No
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase in North Carolina; must occupy as principal residence within 60 days
  • Homebuyer education required: No

Learn More About Homebuying in North Carolina

Cities Where This Program Is Available (21 cities across 1 state)

Available Statewide In