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Triangle NC Home Buyer Assistance Programs

Unfortunately for home buyers, home prices have soared over the last couple of years thanks to record low inventory, low rates, and high demand. Now, interest rates are rising quickly, putting already frustrated home buyers in an even more difficult position. But, rent has also gone up, so that’s not really a great option either. One way or another, you’re paying a mortgage. You have to choose whether you want to pay your landlord’s mortgage or your own.

Fortunately, the housing market is normalizing, and there are many programs to help homebuyers stop renting and start owning. Here are a few for the Raleigh, NC area.

Terms and conditions do apply for all of the below programs, so reach out to us at 919-887-5114 to learn more about homebuyer assistance in NC.

Raleigh NC Homebuyer Assisance Program

The City of Raleigh has a homebuyer assistance program.

This NC homebuyer assistance program offers 0% loans up to $20K to help you with your down payment, closing costs, or financing gap.

The best part, no payments are due on this deferred loan until the home is sold or no longer used as the primary residence.

NC 1st Home Advantage Down Payment

Military veterans and 1st-time buyers could benefit from the NC Home Advantage Mortgage (TM). This NC downpayment assistance program is a 0% deferred second mortgage. It is forgiven 20% per year at the end of 11-15 years and completely forgiven at the end of 15 years.

NCHFA NC Home Advantage Mortgage

This program offers a fixed-rate mortgage and up to 5% assistance towards a down payment. It is a 0% second mortgage that does not have to be repaid unless you refinance your first mortgage or sell the home within the first 15 years of the loan term.

DHI Homebuyer Club

This homebuyer program is not just for NC, but it could help you become a homeowner!

The DHI Home Buyer’s Club is a program by DHI Mortgage, which is a D.R. Horton company.

It helps prepare credit-challenged buyers for homeownership and provides a pathway to buying a home.

The club connects buyers with a credit consultant who will analyze your credit, show you what you need to know, and work with you to create a strategy that could help you improve your credit. This can lead to more attractive interest rates and better loan programs.

Stop Renting And Start Owning!

If you’re tired of paying your landlord’s mortgage and you’re ready to start building your own wealth, reach out to us today at 919-887-5114. We’ve helped many Raleigh NC home buyers achieve their dreams of home ownership over the years, and we would love to help you too!

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