Raleigh Traditional Homebuyer Assistance Program

Administered by: City of Raleigh Housing and Neighborhoods (administered by DHIC, Inc.) · City · Zero-Interest Loan

Funding status: Active

How much assistance

Up to $45,000 (Zero-Interest Loan)

Deferred — no payments due until home is sold, transferred, or no longer primary residence. 10-year deed restriction limits sales proceeds if sold within 10 years.

Eligibility

  • Income limits: At or below 80% AMI for Wake County. 1-person: $53,600; 2-person: $61,250; 3-person: $68,900; 4-person: $76,550; 5-person: $82,700 (per HUD guidelines).
  • Purchase price limit: $384,750
  • First-time buyer required: Yes — Have not owned a home as primary residence in the past 3 years (HUD definition)
  • Geographic restrictions: Must purchase within Raleigh city limits. Eligible property types: single-family homes, townhomes, or condominiums.
  • Homebuyer education required: Yes
Visit program website

Notes

Zero-interest deferred second mortgage. City contracts with DHIC Inc for homebuyer counseling and education — applicants must complete DHIC homeownership class. Can be layered with NCHFA programs. Credit score minimum not specified by city program; likely defers to underlying first mortgage requirements (640 for NC Home Advantage). Source: raleighnc.gov, ABC11 news.

Cities Where This Program Is Available