We administer downpayment assistance and provide one-on-one counseling for eligible first-time homebuyers, including Hispanic homebuyers, military service members, veterans, law enforcement officers, charter and Pre-K-12th grade schoolteachers, paraprofessionals, firefighters, and emergency medical technicians.
When purchasing a home, homebuyers should seek help from a qualified Realtor® (see our Preferred Realtor® list, including realtors that have completed the Workforce Housing Certificate Program through the Canopy Housing Foundation, and are familiar with working with first-time home buyers).
To help homebuyers, downpayment assistance loans are offered through CMHP Mortgage, Inc. These low-cost, below market interest rate programs require minimal investment (as little as $500) and offer flexible underwriting guidelines for qualified customers who have completed Homeownership Education and one-on-one counseling. The CMHP Mortgage, Inc. program can also be used with the HouseCharlotte Lending Program and the North Carolina Housing Finance Agency Community Partners Loan Pool Program.
Also, note the following:
Eligibility is based on total household size and income, as well as property location.
Downpayment assistance can be used for the downpayment and/or closing cost. Restrictions may apply.