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Housing Connect GSO Homebuyer Down Payment Assistance Program

Quick answer

Housing Connect GSO Homebuyer Down Payment Assistance Program is a North Carolina down payment assistance program from City of Greensboro Housing and Neighborhood Development. It provides not stated 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

Bonus for 8 redevelopment/reinvestment areas (amount not stated). City FY2025-26 funding chart (6/17/2025) budgets about $15,000 per household for ~20 households.

Where does Housing Connect GSO Homebuyer Down Payment Assistance Program apply?

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

DetailProgram terms
Assistancenot stated
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limitsAt or below 80% AMI (standard); 80-120% AMI (Public Service Heroes and #100Homes)

How does Housing Connect GSO Homebuyer Down Payment 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://www.greensboro-nc.gov/departments/housing-neighborhood-development/housing-services/homeowners-renters/housing-connect-gso/homebuyer-down-payment-assistance-program. Programs can pause when funds run out, so confirm availability with a participating lender.

← All North Carolina down payment assistance programs

Frequently asked questions

not stated, according to City of Greensboro Housing and Neighborhood Development.

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

At or below 80% AMI (standard); 80-120% AMI (Public Service Heroes and #100Homes)

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.