City of Goldsboro Homebuyer Down Payment Assistance Program

City of Goldsboro Homebuyer Down Payment Assistance Program is a deferred second loan for homebuyers in Goldsboro, North Carolina, administered by City of Goldsboro Community Relations and Development Department. The City of Goldsboro provides down payment and closing cost assistance to low-to-moderate income first-time homebuyers purchasing a single-family home within the Goldsboro city limits, funded through HUD HOME and CDBG. Assistance is a 0% interest deferred loan; homebuyer education is required and income must be at or below 80% AMI. Down payment assistance. Closing cost assistance. 0% interest deferred loan. Federally funded (HOME/CDBG). Funding comes from HUD HOME and CDBG.

City of Goldsboro Homebuyer Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, transfer, or property ceasing to be primary residence. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Goldsboro Homebuyer Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Residency requirement: Property within Goldsboro city limits. Citizenship or immigration status: Not confirmed. Assistance amount NOT yet confirmed from the primary fact-sheet PDF (CMS blocked direct access); a 2022 City Council action referenced reducing the max from $20,000 to ~$10,000 — VERIFY current amount by calling (919) 580-4354 before publishing. Property must be within Goldsboro city limits; first-time homebuyer; income at or below 80% AMI.

City of Goldsboro Homebuyer Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% AMI for Wayne County (dollar table not confirmed from primary PDF). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Goldsboro Homebuyer Down Payment Assistance Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

City of Goldsboro Homebuyer Down Payment Assistance Program serves homebuyers purchasing in Goldsboro, North Carolina. The program targets specific areas: Corporate limits of the City of Goldsboro, NC.

Applications for City of Goldsboro Homebuyer Down Payment Assistance Program go through City of Goldsboro Community Relations and Development Department, 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.