You Might Qualify for Down Payment Help
Many buyers don't realize there are programs that can cover part or all of your down payment and closing costs. Here's what's available in Charlotte and NC.
North Carolina State Programs
NC Home Advantage Mortgage
NC Housing Finance Agency
Up to 5% of loan amount as down payment assistance
- First-time and move-up buyers eligible
- Income limits apply (varies by county, ~$95K for Mecklenburg)
- 30-year fixed rate mortgage
- Can be combined with other programs
NC 1st Home Advantage Down Payment
NC Housing Finance Agency
$15,000 in down payment help
- Available to first-time buyers and military veterans
- Can be combined with NC Home Advantage Mortgage
- Forgiven after 15 years if you stay in the home
- No repayment required (forgivable loan)
NC Home Advantage Tax Credit
NC Housing Finance Agency
Up to $2,000/year federal tax credit
- Mortgage Credit Certificate (MCC) reduces federal taxes annually
- Continues for life of mortgage
- First-time buyers only
- Saves money every year, not just at closing
Charlotte & Mecklenburg County Programs
City of Charlotte "House Charlotte" Program
Charlotte City Limits
Up to $30,000 in down payment & closing cost assistance
- For buyers earning up to 80% of Area Median Income (~$65K-$75K)
- Must be primary residence within Charlotte city limits
- Home must meet affordability requirements
- Can combine with state programs
Mecklenburg County Community Development Programs
Unincorporated Mecklenburg County
Various down payment and closing cost assistance
- Programs for qualifying buyers in unincorporated areas
- Income-based eligibility (typically 80% AMI)
- Forgivable loans available
- Administered through county community development
Habitat for Humanity Charlotte
Throughout Charlotte Metro
Affordable homeownership with sweat equity
- For buyers earning 30-60% of Area Median Income
- Requires "sweat equity" (volunteer hours)
- Homes sold significantly below market value
- Zero interest mortgage loans
Do I Qualify?
Here are common eligibility requirements across most programs. Each program has specific rules, so check with your lender to confirm.
How Mike Helps
Mike works with preferred lenders who specialize in down payment assistance programs. He'll connect you with the right lender to maximize your benefits and make sure you don't leave money on the table. Many buyers don't even know these programs exist until they talk to someone who does.
Important Disclaimer: Important Disclaimer: Program availability, amounts, and eligibility requirements change frequently. The information above is current as of 2026 but should be verified directly with the administering agency or your lender. This is not financial advice. Contact the NC Housing Finance Agency, your local housing authority, or a NCHFA-approved lender for the most up-to-date information.
Ready to find out which programs you qualify for?
Mike will connect you with a lender who specializes in down payment assistance and help you maximize your benefits.
Mike Perlosky, REALTOR®
NC Real Estate License #292411
Christie’s International Real Estate
Ivester Jackson
1515 Mockingbird Lane Suite 900
Charlotte, NC 28209
Office: 704.817.9826·Direct: 704.771.0130
Mike Perlosky is a licensed real estate broker in North Carolina. Christie’s International Real Estate | Ivester Jackson supports the principles of the Fair Housing Act and the Equal Opportunity Act. All information deemed reliable but not guaranteed and should be independently verified. Not intended to solicit properties already listed.