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CHOEDC Down Payment Assistance Program (CPLP)

Centre for Homeownership & Economic Development Corporation (CHOEDC) · Hillsborough, North Carolina

Last verified
See what you qualify forOfficial program site →
Assistance

$50,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is CHOEDC Down Payment Assistance Program (CPLP)?

CHOEDC Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Hillsborough, North Carolina, administered by Centre for Homeownership & Economic Development Corporation (CHOEDC).

  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from NCHFA Community Partners Loan Pool (CPLP).

How much assistance does it provide?

CHOEDC Down Payment Assistance Program (CPLP) offers up to $50,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Centre for Homeownership & Economic Development Corporation (CHOEDC) determines any individual award.

Do you have to pay it back?

CHOEDC 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?

CHOEDC Down Payment Assistance Program (CPLP) sets its eligibility rules through Centre for Homeownership & Economic Development Corporation (CHOEDC), and does not restrict applicants to first-time buyers.

The program requires

  • 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 in-person pre-purchase counseling. Amount: lesser of 25% of sales price or $50,000. Serves 30+ NC counties.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

CHOEDC 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?

CHOEDC Down Payment Assistance Program (CPLP) can be used for single_family, townhouse, and condo.

Where does it apply?

CHOEDC Down Payment Assistance Program (CPLP) is a federal program, so it is not limited to North Carolina.

How do you apply?

Applications for CHOEDC Down Payment Assistance Program (CPLP) go through Centre for Homeownership & Economic Development Corporation (CHOEDC), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Centre for Homeownership & Economic Development Corporation (CHOEDC) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. 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 buyer can take it to a lender or housing counselor.

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CHOEDC Down Payment Assistance Program (CPLP), explained

A short, free course on CHOEDC Down Payment Assistance Program (CPLP): what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

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