First-Time Homebuyer Programs in North Carolina You Should Know About

Buying your first home is exciting—but it can also feel overwhelming, especially when it comes to saving for the down payment and understanding all your options. The good news? North Carolina offers several programs designed specifically to help first-time buyers make homeownership more affordable. If you’re planning to purchase in Cumberland, Hoke, Harnett, or Sampson counties (and beyond), here are some programs you’ll want to know about.

1. NC Home Advantage Mortgage™

This program is a favorite among first-time and repeat buyers in North Carolina.

• What it offers: Up to 3% down payment assistance in the form of a forgivable loan (meaning if you stay in your home long enough, you don’t have to pay it back).

• Who qualifies: First-time buyers and move-up buyers who meet income and credit score requirements.

• Why it matters: Down payment assistance can make the difference between buying now versus waiting years to save.

  
  

2. NC 1st Home Advantage Down Payment

Designed specifically for first-time homebuyers (or those who haven’t owned a home in the past three years).

• What it offers: Up to $15,000 in down payment assistance.

• Who qualifies: Must be a first-time buyer (or qualifying veteran), meet income limits, and plan to use the home as a primary residence.

• Why it matters: $15,000 can cover your down payment and possibly part of your closing costs—making your path to homeownership much smoother.

  
  

3. Mortgage Credit Certificates (MCCs)

This program is less talked about but incredibly valuable for long-term savings.

• What it offers: A tax credit of up to 30% of your mortgage interest—every year, for as long as you live in the home and keep the mortgage.

• Who qualifies: First-time homebuyers (or veterans), who meet income and sales price limits.

• Why it matters: This isn’t just a one-time savings—it reduces your tax bill year after year, potentially saving you thousands over the life of your loan.

  
  

Why These Programs Matter

Each of these programs can put money back in your pocket—whether upfront with down payment help or over time with tax savings. Combined with today’s loan options and historically strong demand in our local market, they make owning a home in North Carolina more accessible than many buyers realize.

If you’re thinking about buying in the Fort Bragg area, I recommend starting with a pre-approval and a conversation with a local lender who participates in these programs. That way, you’ll know exactly what you qualify for before house-hunting.

Frequently Asked Questions

1. Do I have to pay back the down payment assistance? Not if you stay in the home long enough! Most NC programs use “forgivable loans,” which are forgiven after a certain number of years (often 10–15). Sell or refinance too soon, and you may have to pay some back.

2. Can I use these programs with VA or FHA loans? Yes! Many programs pair perfectly with VA, FHA, and even USDA loans, giving you more flexibility.

3. Do these programs work with new construction homes? Absolutely, as long as the home meets price limits and is your primary residence.

4. What credit score do I need? Typically, you’ll need at least a 640 credit score to qualify for NC Housing Finance Agency programs.

5. Where do I start? The first step is getting pre-approved with a lender who offers these programs. I work with a trusted list of local lenders who specialize in helping first-time buyers—reach out and I’ll connect you.

👉 Thinking about buying your first home? Let’s make it happen. Call or text me at 910-916-9315, email me at cassie@birchandbeamrealty.com, or connect with me on Instagram @closewithcassie_nc.

📍 Serving Cumberland, Hoke, Harnett, and Sampson counties—your trusted local resource for making smart real estate moves.