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Neighborhood Stabilization Program

Up to $14,900 in assistance to buy a foreclosure with the NSP program

The Neighborhood Stabilization Program (NSP) is part of the Housing and Economic Recovery Act of 2008.  If you are a first time home buyer, this program could give you as much as $14,900 in assistance to be applied towards your down payment, pre-paids and closing costs when you buy a foreclosed property.

The $14,900 assistance comes in the form of a 5-year deferred loan with zero interest. This loan may be forgiven at 20% per year for each full year you own and live in the home and as long as you remain current on your mortgage. To qualify, you must contribute $1,000 of your own funds. Some income limits are applicable with this program (please refer to (NC Bond income limits) and sales price cannot exceed $210,000. The homes must be foreclosed properties, built after 1978, and purchased at a 1% discount to the current appraised value. Only single-family homes, condominiums, and town homes qualify. Manufactured homes are not eligible. The NSP Program is a great program if you are planning a foreclosure and have limited funds for a down payment.

Down Payment Assistance Programs & Grants


Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Are you interested in having Cornerstone Realty help you to sell your home? Call us today or fill out the form below and we will contact you as soon as possible.

Mortgage Center

We have included below a few tools to help you determine your mortgage payments, closing costs and an estimator of how much you could afford based on your income. To get pre-approved for the purchase of a home, give us a call today or fill out an online inquiry from our website and we will contact you with 24 hours of your submission.


Start today with your pre-approval process. It's easy - simply provide your information below and will contact you and email you the contact information of one of Charlotte's best lenders.

About Us

This Charlotte real estate website provides search tools, information and market news for home buyers and sellers. All the properties displayed on this website are generated automatically from the Carolina MLS and are updated daily.

The down payment assistance programs discussed in this website are based on a 30-year fixed loan. Interest rate is the current market rate.

If you have questions, please contact us today. Your inquiry will be answered by a Realtor® licensed to practice real estate.

Contact Information

Office: (704) 837-4672
Email: info@nc-homeownership.com
Address: 317 Matthews Mint Hill Road, Suite 201 Matthews, NC 28105

Mon-Fri: 9am to 6pm EST
Sat & Sun: By appointment only

Charlotte Real Estate website – We provide Real Estate services to home buyers and home sellers in Mecklenburg, Union, Gaston, Cabarrus and Stanly Counties.

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