NC 1st Home Advantage Down Payment, $15,000 DPA

NC Housing Finance Agency (NCHFA)

Available Home Repair

About This Program

NC 1st Home Advantage Down Payment, $15,000 DPA is available in Charlotte, NC.

The NC 1st Home Advantage Down Payment program offers $15,000 as a 0% interest deferred second mortgage to first-time homebuyers and military veterans who qualify for the NC Home Advantage Mortgage. The $15,000 is forgiven at 20% per year at the end of years 11-15. Income limit is $152,000; purchase price cap is $495,000.

Full $15,000 DPA award for an eligible first-time buyer.

Official program page checked live on 2026-06-22.

Data last verified 2026-04-03. How we verify our data.

In Charlotte, NC, you can combine this program with other local help to cut your cost:

Key Details

  • First-time buyers and veterans only
  • Income limit: $152,000; purchase price cap: $495,000
  • $15,000 at 0%, no payments; forgiven 20%/year in years 11-15
  • Must pair with NC Home Advantage Mortgage through approved lender
  • Requires homebuyer education course

How to Apply

Get free help applying Visit Official Program Page Track this program

919-877-5700

A grant-savvy contractor in Charlotte, NC can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Charlotte early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • Proof of military service (DD-214) and, for disability-based grants, your VA disability rating letter.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Rolling, through participating lenders

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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Frequently asked questions

How much can NC 1st Home Advantage Down Payment, $15,000 DPA provide in Charlotte, NC?

$15,000 deferred 0% loan, forgiven in years 11-15.

Who qualifies for NC 1st Home Advantage Down Payment, $15,000 DPA in Charlotte?

NC 1st Home Advantage Down Payment, $15,000 DPA is available in Charlotte, NC. It serves veterans and military families.

How do I apply for NC 1st Home Advantage Down Payment, $15,000 DPA in Charlotte, NC?

Apply directly with NC Housing Finance Agency (NCHFA) using the official program link on this page or call 919-877-5700. There is no middleman and no fee.

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