5 Programs to Help w/ Down Payment & Closing Costs in the Raleigh/Cary #NC Metro Area

Ready to purchase your first home? Here are 5 programs that will assist you with down payment assistance and or closing costs.

1. Citywide Home Ownership Program-Get a second mortgage for up $20,000 to use as down payment for your home purchase. Click the link below for program guidelines and application.

Citywide Home Ownership Guidelines & Application

2. North Carolina Housing Finance Agency- Get a second mortgage for 3% of the purchase price of the home you are buying for down payment. This means that if the home you are interested in is $200,000, NCHFA will give you 3%- ($6,000) in a second mortgage to use as down payment funds. As long as you remain in the home as your principle residence, this second mortgage will be totally forgivable over time. Click the link below for program qualifications and participating lending institutions.

NCHFA What We Offer Home Buyers

3. Homes4NC- Are you a firefighter, teacher or nurse who can't afford the average priced home in the community you serve? Homes4NC is a statewide program offering a grant for $2000 to assist clients' of Realtor's who have earned the WHS-Workforce Housing Specialist Designation. I am one of those Realtors. Click the link below to see if you meet the other program qualifications.

Homes4NC Program guidelines and application


4. Wake County Housing and Community Revitalization- Qualified 1st time home buyers can get $5,000 to assist with closing costs. Program guidelines and phone # contact listed below.

Wake Co. Housing & Community Revitalization Program

5. DHIC-Obtain your home buyer pre-purchase certificate by attending a home buyer counseling workshop with DHIC. Any program that offers any type of funding for 1st time home purchases will require you to get pre-purchase counseling since your 1st home is the biggest investment you will make in your life. Click the link below to go directly to DHIC and view their schedule for counseling workshops and other programs they have to offer.

DHIC.org/ Homebuyer Counseling Workshop Schedule
The complete list of Home Ownership Agencies In North Carolina

HUD Approved Counseling Agencies for Every NC City

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