First Time Home Buyer

Grants in North Carolina

Complete North Carolina First Time Home Buyer Grant Information.

Are you thinking of buying your first home in North Carolina? Would you like a free gift of money to help you purchase that first home? If you answered yes to these two questions, there is great news for you. The state of North Carolina provides free money for its residents who are first time home buyers and need help with the down payment and closing costs. This money comes in the form of state grants. This is free money that shouldn't be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the first time home buyer grant programs that the State of North Carolina provides.

North Carolina First Time Home Buyer Grants

The agency in North Carolina that provides assistance to first time home buyers is The North Carolina Housing Finance Agency. There are no outright first time home buyer grants available, but there is one program that is very close: The American Dream Downpayment Initiative. First time home buyers can get up to $7,000 for use toward the down payment and closing costs. This is actually a loan, but carries no payments and has a zero percent interest rate. The $7,000 doesn't have to be paid back for 30 years. In effect, you are getting a grant of the value of interest on a $7,000 loan for 30 years, which at 7% interest rate, amounts to over $9,700 in interest that you would save. To find out more about this program, please visit the North Carolina Housing Finance Agency website page specifically describing all the grant programs.

Writing the Perfect Grant Application

Located within this site is a large amount on information on where to find grant programs for first time home buyers in each state. However, it is beyond the scope of this website to teach our visitors how to write a perfect grant application. While it is important to find grant sources that are applicable to your situation, it is equally important to write a quality grant application that will win you grant money. For this reason we have worked out a special arrangement with The Grant Assistant to provide our visitors with a complete grant writing kit. This kit provides additional sources of agencies that provide grants (over 1,400 sources). It will also assist you in writing the perfect grant application. The information contained in this kit is priceless. We highly suggest you obtain this valuable resource if you are even remotely interested in obtaining cash grants. The kit is completely free and you only have to pay $1.97 for postage. For less than two dollars you can get complete information that could bring you a grant of ten, fifteen, or twenty thousand dollars. We can't stress highly enough how much value you receive for less than two dollars. Click here to get these CD's rushed to your home, or see the offer at the bottom of this page.

Federal First Time Home Buyer Grants

Besides the state programs, there are federal funds and grants available to first time home buyers in North Carolina through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you'll find complete grant information, application forms, description of available funds, as well as many other helpful tools.

Every potential first time home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to Grants.gov.

Other First Time Home Buyer Grants

There are also these local first time home buyer programs:

Asheville Neighborhood Housing Services, Inc. of Asheville Single Family New Construction Program (SFNC) (828) 251-5054
Cumberland County First Time Homebuyers Program (FTHB) (910) 323-6112
Durham First Time Homebuyers Program (FTHP) (919) 560-4570
Gaston County Homebuyers Assistance Program (704) 866-6756
Greensboro Affordable Home Loan Initiative Program (GAHLI) (336) 373-4146
Hickory 1st Time Homebuyer's Program (FTHB) (828) 323-7414
High Point Homeownership Assistance Program (HAP) (336) 883-3347
Iredell Statesville Housing Authority HOME Program Funds (704) 872-9811
Orange County HOME Down payment Assistance Program (919) 644-3056
Pasquotank County, Community Homebuyers Assistance Program (HAP) (252) 335-3702
Wilson County Affordable Home Ownership Program (252) 399-2230

Return to First Time Home Buyer Grants page.

See also First Time Home Buyer Programs for other types of 1st Home Buying assistance.

This website provides complete state-by-state contact information for down payment grants. We suggest that you send for the free CD that takes you step by step through the application forms to ensure that you complete the grant applications properly.


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