Down Payment Assistance

NC Housing Finance Agency Down Payment Assistance 

• NCHFA provides several products that bridge the down payment gap. NC residents have potential assistance for both first time and subsequent buyers. The NC 1st Home Advantage program provides a fixed rate first mortgage combined with $8000 in DPA. The $8,000 DPA may be used towards down payment and/or closing costs. Plus the $8,000 DPA has no interest or payment required and is available only to first-time home buyers.
• NCHFA offers another DPA without the first time home buyer requirement. It provides the traditional first mortgage along with DPA in the amount of 3 or 5% of the first mortgage amount. Like above, the 3 or 5% of the first mortgage amount may be used towards down payment and/or closing costs.

Virginia Housing (Formerly VHDA) Down Payment Assistance Grant

• VA Housing provides both down payment assistance and grants for Virginia home buyers. Primarily, their programs are for first time home buyers, although there are exceptions.

SC Housing Down Payment Assistance

• For SC buyers we offer the SC Housing $6,000 DPA product. When combined with an FHA or USDA loan, the $6,000 may contribute towards down payment and/or closing costs. Unlike NCHFA, there is a repayment feature on this assistance. Although this is traditionally a first time home buyer product, there are exceptions to this requirement.

Maryland Mortgage Program 

• All home loan products available through MMP are 30-year, fixed-interest rate mortgages. There are a few different types of home loan products, and they generally vary by the kinds of DPA and closing cost assistance that are available with them. 
• MMP DPA can only be obtained with an MMP first mortgage; it is not a standalone option.​ Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan.