Community Partners Loan Pool

The North Carolina Housing Finance Agency provides financing to local governments and nonprofit organizations to build and rehabilitate homes for low-wealth North Carolinians. The Community Partners Loan Pool (CPLP) provides qualified home buyers with down payment assistance:

  • Up to 25% the sales price, not to exceed $50,000 (effective September 1, 2022), when using a NC Home Advantage Mortgage™
  • Up to 10% of the purchase price when using a USDA’s Section 502 loan.

CPLP assistance is structured as a 0% interest, deferred second mortgage. The term of the CPLP loan matches the term of the first mortgage. The CPLP Loan has no monthly payment and is typically repaid when the home is sold or at the end of the loan term.

Borrowers may combine a CPLP loan with the NC 1st Home Advantage Down Payment or the NC Home Advantage Tax Credit as well as with other down payment assistance loans or grants.

The program is available through local community partners.

Buyer Eligibility

Your buyers should contact a CPLP Member to determine eligibility and find an available home and will need to complete an approved home buyer education course and at least two hours of housing counseling. To qualify for this assistance, buyers must meet the following requirements:

  • Qualify for an NC Home Advantage Mortgage™ or USDA Section 502 Loan.
  • Total household income at 80 percent or below of the Area Median Income for the county in which they intend to purchase a home.
  • Proof of sufficient, stable income to afford and maintain their potential home.
  • Minimum credit score of 640.
  • Housing ratio between 25% to 32% and total debt-to-income ratio no more than 45%.

Property Eligibility 

  • Newly constructed house or an existing home in “like new” condition (i.e. less than 10 years old or with an effective life of 10 years or less). 
  • The sales price cannot exceed the Sales Price Limit for the county.
  • All newly constructed homes must receive a Certificate of Occupancy (less than 12 months old at the time of closing).
  • All existing homes must pass two inspections: (1) a Home Inspection by a licensed NC home inspector; and (2) a Local Housing Code Inspection or in the absence of a local Housing Code, a Housing Quality Standard (HQS) Inspection. Any significant deficiencies identified that threaten the property or borrower must be repaired before assistance can be approved.  Repairs and replacements may be required for the home to be eligible for CPLP.

NOTE: An existing, older home that has been comprehensively rehabilitated and received a Certificate of Occupancy will be treated like a newly constructed home.

Get started

    1. Get your buyer connected with a local partner to learn more about available housing and buyer eligibility.

      Find a Community Partner

    2. Want to be a Preferred Real Estate Agent with our Agency? Attend a training class on our mortgage products, earn CE toward your license and get listed on our website!

      Find a Training Class