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Category Archives: Down Payment Assistance Programs

$8,000 Down Payment Assistance Program

If you are in the market to purchase a home in North Carolina, there is a lot to be excited about with the launch of a new down payment assistance program starting in 2018 that could give you, if you qualify, $8,000 in free money to help you pay for your down payment, closing costs, and / or interest rate buy down when you purchase a home. This program is called the NC First Down Payment Assistance program and is offered through the NCFHA.

At Cornerstone Realty Carolinas, we have helped many home buyers take advantage of this $8,000 grant since it was launched. If you are interested in purchasing a home and need assistance with your down payment and/or closing costs, give us a call today at (704) 837-4672  to find out if you qualify for one of the home buyer programs and grant discussed on our website.

Requirements for the $8,000 home buyer program

In order to qualify for this home buyer program, you will first need to get pre-approved for a mortgage by a participating lender who is authorized to work with this down payment assistance program. As your Realtor®, we’ll make easy for you by connecting you directly with the best, approved lenders in Charlotte. Your credit score will need to be at least a 640 in order to qualify for this program. With the NC First Down Payment Assistance Program, the maximum home purchase price is $260,000. Not all homes qualify for this program so make sure to have us help you with your home search so we can help you determine which homes would work and which ones would not. If you are interested in purchasing a home over $260,000, we have other home buyer programs available to help you with your down payment. Call us for more information.

There are income limits for this grant. It is computed using your total household gross income and family size. As long as your at, or under the income limit allowed, you can qualify for this program based on income. For the NC First Down Payment Assistance Program, the following income and family size guideline applies:

1 person household – $74,000 household income or below

2 person-household – $74,000 combined household income or below

3 or more person-household – $85,000 combined household income or below

If you earn more than shown above, we have other down payment assistance programs we could help you qualify for. Contacts us today to learn more.

The $8,000 down payment assistance program can be used with a FHA, conventional or VA loan. The funds from the $8,000 down payment assistance program are given at closing. The grant is zero percent silent and deferred second mortgage, which is forgiven 20% per year at the end of years 11 through year 15, with complete forgiveness at the end of year 15. No interest and no payment is due on the grant unless you sell or refinance before year 15 of you owning the home.

Ready to start the process? Call us today at (704) 837-4672 or fill out the application below so we can contact you.  We assist home buyers in the Charlotte NC region including Mecklenburg, Union, Gaston, Stanly, Cabarrus and Iredell counties.

Monroe’s Down Payment Assistance Program Helps First Time Home Buyers

Another down payment assistance program for home buyers in Monroe The Monroe-Union County down payment assistance program is a program that provides forgivable loans to assist home buyers with down payments and closing costs for the purchase of a home in Monroe real estate market. There are a few down payment assistance programs available in… Continue Reading

Getting The Right Assistance To Help You Own A Home In Gaston County

HOME program – Gaston County’s down payment assistance program Buying your first home can be expensive because of the down payment required by lenders in order to qualify a home loan. If you are looking to purchase your first home in Gaston County, there is a way to minimize your out-of-pocket expenses. There is a… Continue Reading


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.

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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