Durham & Triangle Homebuyer Assistance Finder
Navigate NC down payment assistance, NCHFA programs, and Durham-specific grant opportunities for first-time buyers across the Triangle region.
Assistance Programs Overview
Homebuyer assistance programs can significantly reduce the cash required to purchase a home — sometimes covering the entire down payment for qualifying buyers. The challenge is that these programs change frequently, have varying eligibility requirements, and are often unknown to first-time buyers.
Program availability, income limits, purchase price limits, and funding change frequently. Information below is educational and may not reflect current terms. Contact each program directly or work with a HUD-approved housing counselor for accurate, current information.
NC Statewide Programs
NC Home Advantage Mortgageâ„¢
Administered by the NC Housing Finance Agency (NCHFA), this program offers a 30-year fixed-rate mortgage with up to 3% down payment assistance. Available to first-time and move-up buyers meeting income and purchase price limits. Assistance is structured as a second mortgage forgiven after 15 years.
- Income limits vary by county and household size
- Minimum 640 credit score typically required
- Must complete a homebuyer education course
- Contact: NCHFA.com or 1-800-393-0988
NC 1st Home Advantage Down Payment
Available to first-time buyers and military veterans using the NC Home Advantage Mortgage. Provides up to $15,000 in down payment assistance as a 0% deferred second mortgage — forgiven at 20% per year beginning in year 11.
NC Home Advantage Tax Credit (MCC)
A Mortgage Credit Certificate allows qualifying first-time buyers to claim a federal tax credit of up to 30% of mortgage interest paid annually (up to $2,000/year) for the life of the loan — a dollar-for-dollar reduction in federal tax liability.
Durham & Triangle Local Programs
City of Durham Homebuyer Assistance Program
Durham's Community Development department periodically offers forgivable loan assistance for income-qualifying buyers purchasing within Durham city limits. Program availability changes based on funding cycles — contact Durham Community Development directly for current status.
Self-Help Credit Union
A Durham-based CDFI with a national reputation for equitable mortgage lending. Self-Help offers mortgages to borrowers who may not qualify for conventional financing — including flexible underwriting, lower down payment requirements, and buyer assistance programs.
Habitat for Humanity of Durham
For qualifying very low-income buyers, Habitat offers affordable mortgages with no interest and no profit. Requires sweat equity participation and homebuyer education. Contact Durham Habitat directly for eligibility and waitlist information.
Work with a HUD-approved housing counselor before beginning your home search. HUD-approved counselors provide free or low-cost guidance on program eligibility and the purchase process. Find one in NC at HUD.gov or call 1-800-569-4287.
Ready to Explore Homeownership?
UTC can help you understand your options, identify programs you may qualify for, and prepare for the home purchase process.