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Homebuyer Assistance Program

Quick answer

Homebuyer Assistance Program is a North Carolina down payment assistance program from City of Raleigh Housing and Neighborhoods Department. It provides Maximum assistance: $45,000 as a deferred-payment loan. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

Zero-interest deferred loan, no payments until sale or non-occupancy; max purchase price stated as $389,500 (page also shows $384,750); brochure dated June 2025, FY27 lender list; page updated Sept 4, 2026.

Where does Homebuyer Assistance Program apply?

This city-level program is available to buyers in Raleigh. Cities on our site where it applies:

DetailProgram terms
AssistanceMaximum assistance: $45,000
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limits80% AMI

How does Homebuyer Assistance Program work with an FHA loan?

North Carolina's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://raleighnc.gov/housing/services/homebuyer-assistance. Programs can pause when funds run out, so confirm availability with a participating lender.

← All North Carolina down payment assistance programs

Frequently asked questions

Maximum assistance: $45,000, according to City of Raleigh Housing and Neighborhoods Department.

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

80% AMI

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.