Buyer Guides

NC Housing Finance Agency Programs

The NCHFA is the states primary source of affordable home financing. Their programs provide below-market mortgage rates and down payment assistance that can make Charlotte homeownership accessible.

Common Questions

What is the NC Housing Finance Agency?

NCHFA is a state agency that provides below-market mortgage financing, down payment assistance, and tax credits to help North Carolinians buy homes. They do not lend directly but work through approved participating lenders.

What is the NC Home Advantage Mortgage?

The NC Home Advantage Mortgage offers below-market interest rates plus up to 3% of the loan amount in down payment help (forgiven after 15 years) for first-time and move-up buyers meeting income limits.

What is the NC 1st Home Advantage?

NC 1st Home Advantage provides up to $15,000 in down payment assistance as a 0% interest deferred second mortgage forgiven after 15 years. It must be combined with the NC Home Advantage Mortgage.

What are the income limits?

Income limits vary by county and household size. For the Charlotte metro, the limit is approximately $99,000-$110,000 depending on the specific county and program. Limits update annually.

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