NCHFA Loans

At Alpha Mortgage, we’re honored to work alongside the North Carolina Housing Finance Agency (NCHFA) to expand access to homeownership. With unique loan programs and down payment assistance, NCHFA helps first-time buyers, veterans, and working families bridge the gap between renting and owning.
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What Are NCHFA Loans?

NCHFA programs combine affordable mortgage options with down payment assistance to make buying a home possible for more North Carolinians. These programs are available to qualified buyers based on income, residency, and property requirements.

Down Payment & Financing Features

One of the standout features of NCHFA programs is the help they provide toward your down payment:

  • NC Home Advantage Mortgage™ – Up to 3% of the loan amount toward your down payment.
  • NC 1st Home Advantage Down Payment – $15,000 in forgivable assistance for eligible first-time buyers and veterans.

Assistance is typically structured as an interest-free, forgivable second mortgage, offering buyers more security and affordability from the start.

Eligible Property Types

NCHFA financing is only available for primary residences, such as:

  • Single-family homes, condos, townhomes, and new manufactured homes.
  • Investment properties, vacation homes, and other non-primary residences do not qualify.
  • Homes must meet NCHFA purchase price limits and property guidelines.

Why Consider an NCHFA Loan?

  • Down payment support to reduce upfront costs
  • Forgivable second mortgage options
  • Stable, fixed-rate financing
  • Programs for both first-time and repeat buyers (depending on eligibility)
  • A reliable way to step into long-term homeownership

Why Work with Alpha Mortgage for NCHFA Loans?

Choosing Alpha Mortgage means working with a team that knows NCHFA programs inside and out.

  • North Carolina experts – We live and work here, and we understand state guidelines.
  • Assistance program guidance – We’ll help you identify and maximize every benefit available.
  • Tailored solutions – We compare NCHFA programs with FHA, VA, USDA, and Conventional loans so you can choose what’s best.
  • Dedicated support – We believe every North Carolina family deserves the chance to own a home, and we’re committed to making that a reality.
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