Who qualifies for NC 1st Home Advantage Down Payment?
For first-time buyers (no ownership in 3 years), military veterans, or purchases in targeted census tracts. Must occupy within 60 days of closing.
| Detail | Program terms |
|---|---|
| Assistance | $15,000 |
| Type | Forgivable loan |
| Minimum credit | 640 |
| First-time buyer | Not required |
| Income limits | Must meet income and sales price limits. |
How does NC 1st Home Advantage Down Payment 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. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $15,000 could cover it and part of closing costs, subject to program rules.
Where do I confirm current terms?
On the official page: https://nchfa.com/home-buyers/home-buyer-mortgage-products/nc-1st-home-advantage-down-payment. Programs can pause when funds run out, so confirm availability with a participating lender.
“you may be eligible for $15,000 in down payment assistance” — North Carolina Housing Finance Agency
Frequently asked questions
Sources
- North Carolina Housing Finance Agency — NC 1st Home Advantage Down Payment (official page, verified October 23, 2026)
- HUD — 2026 FHA limits
Data last updated October 23, 2026.
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Get My MatchesFigures 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.