North Carolina Community Partners Loan Pool (CPLP)
North Carolina Housing Finance Agency offers Community Partners Loan Pool (CPLP) to home buyers in North Carolina: up to 25% of the price, at most $50,000, as a deferred loan.
- Amount
- Up to 25% of the price, at most $50,000
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 640 or higher
How is North Carolina Community Partners Loan Pool (CPLP) paid back?
Deferred loan: 0% loan with no monthly payment, usually repaid when you sell the home or the loan term ends.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for North Carolina Community Partners Loan Pool (CPLP)?
- Household income must be below 80% of county area median income.
- You don't have to be a first-time buyer.
- A credit score of 640 or higher.
- A homebuyer education course before you buy.
- It comes with an NC Home Advantage Mortgage or a USDA Section 502 Direct loan.
- Price limit: varies by county.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for North Carolina Community Partners Loan Pool (CPLP)
- North Carolina Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on North Carolina Housing Finance Agency's page for Community Partners Loan Pool (CPLP), or pick a lender from the agency's list of participating lenders.
Ask a lender about North Carolina Community Partners Loan Pool (CPLP)
Tell us where you're buying and a lender that works with North Carolina's programs can tell you whether North Carolina Community Partners Loan Pool (CPLP) fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in North Carolina
- North Carolina NC Home Advantage Mortgage™ down payment assistance: up to 3% of the home loan, forgivable loan.
- North Carolina NC 1st Home Advantage Down Payment: up to $15,000, forgivable loan.
All North Carolina first-time home buyer programs · Down payment assistance in every state