Since 2008 most down payment assistance programs for buyers have been eliminated due to the foreclosure crisis we've experienced since that time. Down payment assistance can no longer be provided by the home seller or new home builder. However, there are still alternatives available for down payment assistance in Charlotte. Below are some of the resources for Charlotte down payment assistance programs that we offer:
House Charlotte Program - The most popular of homeownership down payment assistance programs in Charlotte NC, the House Charlotte Program....or as some folks call it, the "House of Charlotte" program...provides homebuyer education and financial assistance to prospective homebuyers. On average, buyers can expect to receive financial assistance of $7,500 and in certain cases, as much as $10,000 in grants towards a home purchase in House Charlotte neighborhoods. We have compiled a list of over 364 House Charlotte communities that qualify for this assistance. Contact us for more information.
$100-Down HUD Homes - The HUD 100 down payment incentive program offers special terms and financing for the purchase of HUD homes for sale in Charlotte and surrounding areas including down payment of just $100 under the HUD 100 program. If you're interested in the 100 Down HUD program and HUD properties for sale in Charlotte, contact us to create your customized Charlotte HUD property search from Charlotte HUD MLS listings.
USDA "No-Down Payment" Program - The USDA Guaranteed Housing Program is one of the last true Zero-Down payment programs / No Down payment programs still available. Popularity of the USDA No Down Payment program and USDA properties for sale in Charlotte is at an all-time high. For home sellers in Charlotte with homes located in USDA areas, you have a leg up on competing homes for sale in Charlotte. Buyer demand for USDA homes for sale in Charlotte continues to grow. USDA home communities are located in some of the most desirable suburban areas of Charlotte. If you're interested in USDA properties for sale in Charlotte, contact us to create your customized Charlotte USDA property search from eligible Charlotte MLS listings.
NC Bond Program - The North Carolina Bond program is a similar state-level down payment assistance mortgage bond program to assist first-time homebuyers. Currently, there are two levels of down payment assistance offered: (1) $4,000 and; (2) $8,000 in down payment assistance.
City of Charlotte Neighborhood Stabilization Program (NSP) - Provides down payment assistance of up to $10,000 plus up to an additional $15,000 towards rehab, repair and remodeling expenses for foreclosure homes located in designated communities around Charlotte.
Good Neighbor Next Door Program - This program provides special incentives for home purchase by Teachers, Police, Fire and Medic personnel of up to $15,000.
Fort Mill (SC) Down Payment Assistance - Down payment assistance up to 8% of home purchase price is provided for qualified homebuyers who purchase in York or Lancaster counties just across the border from Charlotte in South Carolina. Eligible communities include Fort Mill, Tega Cay, Rock Hill in York, and Indian Land in Lancaster county just outside the Ballantyne area in Charlotte.
City of Gastonia Affordable Housing Program - The Gastonia down payment assistance program can be used by first-time buyers purchasing homes within designated areas of Gaston County. Assistance ranges from $5,000 to $10,000. Contact The Pruitt Group for details.
The Heights New Single-family Homes - Build or buy existing inventory homes in this community and qualify for $40,000 or more in down payment and home purchase assistance for these brand new homes in the Grier Heights community.
Belmont Bungalows New Single-family Homes - Build in this community and qualify at least $20,000 or more in home purchase assistance for these brand new homes in the Belmont community of Charlotte.
Matching Savings Program - This is an excellent program for potential buyers who are able to save a small amount towards home purchase down payment. This fund matches each dollar saved at a 4-to-1 ratio. You can quickly save up to $7,500 with a maximum savings investment of just $1,500 of your own funds! This 4 to 1 matching savings program is an excellent way to accumulate funds for down payment.
We are extremely knowledgeable in our field of Charlotte Real Estate and our expertise in programs and financing set us a part from the rest. The Pruitt Group is here to help you achieve homeownership. If you're interested in more information regarding these and other programs, just complete the information form below and one of our qualified professionals will contact you within 24 hours or less. If you are interested in becoming pre-qualified for a mortgage or any of the above down payment assistance programs, click here.
