NC Home Advantage Mortgage, NCHFA

NC Housing Finance Agency (NCHFA), state program

Available Home Repair

About This Program

NC Home Advantage Mortgage, NCHFA is available in Charlotte, NC.

The NC Home Advantage Mortgage is a competitive-rate first mortgage with down payment assistance up to 5% of the loan amount, fully forgiven after 15 years. First-time buyers and veterans may additionally access the NC 1st Home Advantage Down Payment of $15,000 (0% deferred, forgiven in years 11-15). Income limit is $152,000; purchase price cap is $495,000.

Estimate for $15,000 NC 1st Home Advantage DPA for a 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

  • Income limit: $152,000 household income
  • Purchase price cap: $495,000
  • 1st Home Advantage DPA: $15,000, forgiven 20%/yr in years 11-15
  • Minimum credit score: 640 (660 for manufactured homes)
  • Must complete homebuyer education course through NCHFA-approved provider

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

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 Home Advantage Mortgage, NCHFA provide in Charlotte, NC?

5% of mortgage OR $15,000 (1st Home Advantage) in DPA.

Who qualifies for NC Home Advantage Mortgage, NCHFA in Charlotte?

NC Home Advantage Mortgage, NCHFA is available in Charlotte, NC. It serves veterans and military families.

How do I apply for NC Home Advantage Mortgage, NCHFA in Charlotte, NC?

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

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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