Ada Jenkins Center Down Payment Assistance Program (CPLP)
Ada Jenkins Center Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Davidson, North Carolina, administered by Ada Jenkins Families and Careers Development Center Inc.
The program asks for
- A completed homebuyer education course
- Must be combined with NC Home Advantage Mortgage or USDA Section 502 Direct loan. Requires 6 hrs homebuyer education + 2 hrs one-on-one pre-purchase counseling. Amount: lesser of 25% of sales price or $50,000. Serves Mecklenburg, Cabarrus, Gaston, Iredell, Rowan, Union counties. Contact: 704-896-0471, PO Box 1842, Davidson NC 28036.
- A home in Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union County
It doesn’t cover
- Households above 80% of area median income
- Homes outside Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Ada Jenkins Families and Careers Development Center Inc. to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Ada Jenkins Center Down Payment Assistance Program (CPLP)?
Ada Jenkins Center Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Davidson, North Carolina, administered by Ada Jenkins Families and Careers Development Center Inc. Funding comes from NCHFA Community Partners Loan Pool (CPLP).
How much assistance does it provide?
Ada Jenkins Center Down Payment Assistance Program (CPLP) offers up to $50,000 in assistance. Amounts are the program's published maximums, not an offer — Ada Jenkins Families and Careers Development Center Inc. determines any individual award.
Do you have to pay it back?
Ada Jenkins Center Down Payment Assistance Program (CPLP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. The assistance is recorded in second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Ada Jenkins Center Down Payment Assistance Program (CPLP) sets its eligibility rules through Ada Jenkins Families and Careers Development Center Inc., and does not restrict applicants to first-time homebuyers. A homebuyer education course is required. Must be combined with NC Home Advantage Mortgage or USDA Section 502 Direct loan. Requires 6 hrs homebuyer education + 2 hrs one-on-one pre-purchase counseling. Amount: lesser of 25% of sales price or $50,000. Serves Mecklenburg, Cabarrus, Gaston, Iredell, Rowan, Union counties. Contact: 704-896-0471, PO Box 1842, Davidson NC 28036.
What are the income limits?
Ada Jenkins Center Down Payment Assistance Program (CPLP) limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of Area Median Income. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
Ada Jenkins Center Down Payment Assistance Program (CPLP) can be used for single_family, townhouse, and condo.
Where does it apply?
Ada Jenkins Center Down Payment Assistance Program (CPLP) serves homebuyers purchasing in Davidson, North Carolina.
How do you apply?
Applications for Ada Jenkins Center Down Payment Assistance Program (CPLP) go through Ada Jenkins Families and Careers Development Center Inc., which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union County homebuyersOther programs open to Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union County homebuyers
- NC 1st Home Advantage Down PaymentUp to $15,000
- Down Payment AssistanceUp to $2,500
- Community Partners Loan Pool (CPLP)Deferred
Whether two programs can be combined is up to each agency. Ask before you apply.
All 69 programs for Mecklenburg; Cabarrus; Gaston; Iredell; Rowan; Union CountyProgram terms are set by Ada Jenkins Families and Careers Development Center Inc. and can change; confirm on the official site before you apply.