House Charlotte Program Overview
To determine how much financial assistance you could get for the purchase of a home using the House Charlotte program, several factors are taken into consideration such household income and where the home you want to purchase is located. It is very important to account for all sources of income for your household in determining whether or not you qualify for this program. Child support, social security, and disability count as income. Furthermore, for married couples, even though only one spouse can be on a loan for the purchase of a home, both spouses’ incomes will be taken in consideration by the House Charlotte program to determine eligibility.
House Charlotte Program Overview
| House Charlotte Program |
Families at or below 80% of median income $53,600* Program 1-A |
Families above 80% to 110% of median income $73,700* Program 1-B |
Public Service Employee |
PILOT PROGRAM |
| HouseCharlotte downpayment assistance funds can be used for any combination of the following: downpayment, closing cost (that may also include credit repair/ counseling), and interest rate buy down. City assistance must be requested through HouseCharlotte approved lenders. Funds are provided as a 5, 10 or 15-year deferred, forgivable loan. |
$8,500
10-year term. |
$5,000
10-year term. |
$10,000 Homebuyers who are employed by the following employers: •City of Charlotte •Charlotte-Mecklenburg Schools •Mecklenburg County Sheriff Dept. •Mecklenburg County Medical employees
5-year term. |
$17,000
15-year term. |
| Eligible Neighborhood Profile Areas (NPAs) |
ALL City of Charlotte NPA’s |
Limited to select House Charlotte designated NPA’s |
ALL City of Charlotte NPA’s |
Limited to select High Cost City of Charlotte NPAs |
| Maximum Sales Price |
$185,000 |
$185,000 |
$185,000 |
$185,000 |
| Gift from relatives or non-profit for additional closing costs allowed |
Yes |
Yes |
Yes |
Yes |
| Counseling Required |
Pre-Purchase |
Pre-Purchase |
Pre-Purchase |
Pre-Purchase |
Additional House Charlotte Program Links
Useful links about the House Charlotte program
House Charlotte program
Apply for the House Charlotte program
House Charlotte program neighborhoods
House Charlotte program interactive neighborhood map
House Charlotte program eligible neighborhood statistical areas
House Charlotte program income guideline
House Charlotte program requirements to prequalify
House Charlotte program frequently asked questions