Understanding Down Payment Assistance Programs

For many families, the down payment is the single biggest hurdle to owning a home. Down payment assistance programs exist to help eligible buyers clear it, and understanding how they work can turn "someday" into "this year."

What assistance looks like

Assistance often comes as a grant or a low- or zero-interest second loan that helps cover the down payment and sometimes closing costs. Terms vary by program, and many are tied to income limits and a completed homebuyer education course.

Who qualifies

Eligibility usually depends on household income, the purchase price, and whether you are a first-time buyer. A counselor can help you see which programs you may fit before you apply.

How to start

Finish a homebuyer education class, get your documents in order, and talk with a counselor about the programs available in New Hanover County. Download our homeowner application or contact our office to begin.