NC 1st Home Advantage Down Payment, $15,000 DPA
NC Housing Finance Agency (NCHFA)
About This Program
The Grant Map catalogs NC 1st Home Advantage Down Payment, $15,000 DPA in its Charlotte, NC research directory. Directory placement does not confirm current service coverage or eligibility; verify both with the program administrator.
The NC 1st Home Advantage Down Payment program offers $15,000 as a 0% interest deferred second mortgage to first-time homebuyers and military veterans who qualify for the NC Home Advantage Mortgage. The $15,000 is forgiven at 20% per year at the end of years 11-15. Income limit is $152,000; purchase price cap is $495,000.
Full $15,000 DPA award for an eligible first-time buyer.
The cited program-specific URL responded on 2026-09-19; confirm current terms.
Record set last reviewed 2026-04-03. How we verify our data.
Other published resources for Charlotte, NC, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:
- City of Charlotte Owner-Occupied Housing Rehabilitation Up to $40,000
- HouseCharlotte Down Payment Assistance Program Up to $80,000 (city employees); up to $30,000 general
- City of Charlotte Neighborhood Matching Grants Up to $25,000 per application (Tier I)
- Mecklenburg County Critical Home Repair Program Full cost of critical repairs, no dollar cap published
Key Details
- First-time buyers and veterans only
- Income limit: $152,000; purchase price cap: $495,000
- $15,000 at 0%, no payments; forgiven 20%/year in years 11-15
- Must pair with NC Home Advantage Mortgage through approved lender
- Requires homebuyer education course
How to Apply
Confirm the current application route with the administrator. Verified official forms and steps appear below when available.
Prepare your application
Review the likely documents and download a blank preparation checklist. The blank PDF does not include saved personal details.
Documents you will likely need
- Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
- A government-issued photo ID for every owner on title.
- Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
- Proof of military service (DD-214) and, for disability-based grants, your VA disability rating letter.
- A written estimate from a licensed contractor for the work (many programs require this to apply).
- Photos of the problem area or the work to be done.
- The program's own application form, completed (use the official link or phone number on this page).
Already sent us your project details? Sign in to download a preparation sheet with those details. For supported VA programs, you can also get a partially completed official form.
Open my application toolsRequirements vary by program and locality. Confirm the exact rules and application route with the administrator. We can help you prepare your paperwork, but you submit it yourself.
Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.
You may need a contractor or estimate
Some programs for this project type ask for a license, inspection, or written estimate. Confirm the rule before contacting a contractor in Charlotte.
Get matched with a contractorOur record classifies the structure as a forgivable loan. Confirm repayment, forgiveness, residency, and any lien terms with the administrator.
Each administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
Deadline: Rolling, through participating lenders
Questions about this program?
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Frequently asked questions
What amount is listed for NC 1st Home Advantage Down Payment, $15,000 DPA in Charlotte, NC?
The Grant Map record states: $15,000 deferred 0% loan, forgiven in years 11-15. Confirm the current amount and eligible costs with the administrator.
What audience tags are recorded for NC 1st Home Advantage Down Payment, $15,000 DPA in Charlotte?
The record carries discovery tags. It carries a veteran-related tag. These tags do not establish eligibility; confirm the complete current rules with the administrator.
How do I apply for NC 1st Home Advantage Down Payment, $15,000 DPA in Charlotte, NC?
Confirm the application route directly with NC Housing Finance Agency (NCHFA); use the cited source on this page as a starting point or call 919-877-5700. Confirm any fee or cost with the administrator.
Need a Contractor for This Project?
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Find More Programs in Charlotte, NC
This is one of several kinds of assistance that may be available. Review other programs separately and confirm whether their administrators allow coordination for the same work.
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