Local Realtors®

( Hablamos Español )

Buying or Selling? Call us today for expert assistance!

Category Archives: Home Buyers

$15,000 Down Payment Assistance Program

If you are in the market to purchase a home in Mecklenburg, Cabarrus, Cumberland, Guilford or Johnston County in North Carolina, there is a lot to be excited about with the launch of a new down payment assistance program starting October 2016 that could give you up to $15,000 in free money to help you with your down payment, closing costs, and interest rate buy down when you purchase a home.

This is program is called the $15,000 down payment assistance program or the $15,000 grant program. If you want to purchase a home in one of the qualifying counties listed, you should consider taking advantage of this program – it’s free money after all!

The $15,000 grant is being offered for a limited time only. There is only a limited amount of funds and number of loans that can be granted so this down payment is on a first come first serve basis. Once the funds are exhausted, the program will go away. In case you have missed the deadline for this program, we have other down payment assistance programs available year-round to help you purchase a home. As their Realtor®, we have helped many home buyers take advantage of the $15,000 grant program, as well as other down payment assistance programs. Call us today to find out if you qualify for a grant or down payment assistance program.

$15,000 down payment assistance program – details and exceptions

In order to qualify for this program, you will need to get pre-approved for a mortgage by a participating lender (as your Realtor®, we can connect you with participating lenders in the Charlotte area). Your credit score needs to be at least a 640 in order to qualify. The maximum home purchase price with this program is $245,000 and while it can be used towards most homes, there are some exceptions (call us for details). If you want to purchase a home at a higher price point, we have other programs that could provide you with the assistance you need.

There a maximum income limit, based on family size and total household income, to qualify for this program. As long as your at, or under the income limit allowed, you can qualify for this program based on income. Call us today to find out about income limits.

The $15,000 down payment assistance program can be used with a FHA, conventional or VA loan. The funds from the $15,000 down payment assistance program are given at closing and are forgiven at a rate of 20% per year starting on year 1. So if you stay in the home you purchase with this program for 5 years, you won’t have to repay any of that money!

If you need a Realtor® and are wanting to qualify for the purchase of a home with the $15,000 assistance in Mecklenburg or Cabarrus county, call our office today so we can help you.


Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Are you interested in having Cornerstone Realty help you to sell your home? Call us today or fill out the form below and we will contact you as soon as possible.

Mortgage Center

We have included below a few tools to help you determine your mortgage payments, closing costs and an estimator of how much you could afford based on your income. To get pre-approved for the purchase of a home, give us a call today or fill out an online inquiry from our website and we will contact you with 24 hours of your submission.

About Us

This Charlotte real estate website provides search tools, information and market news for home buyers and sellers. All the properties displayed on this website are generated automatically from the Carolina MLS and are updated daily.

The down payment assistance programs discussed in this website are based on a 30-year fixed loan. Interest rate is the current market rate.

If you have questions, please contact us today. Your inquiry will be answered by a Realtor® licensed to practice real estate.

Contact Information

Office: (704) 837-4672
Email: info@nc-homeownership.com
Address: 317 Matthews Mint Hill Road, Suite 201 Matthews, NC 28105

Mon-Fri: 9am to 6pm EST
Sat & Sun: By appointment only

Charlotte Real Estate website – We provide Real Estate services to home buyers and home sellers in Mecklenburg, Union, Gaston, Cabarrus and Stanly Counties.

Website Design & SEO by Marketing Elements Inc