City of Jacksonville Homeownership Down Payment Assistance Program

City of Jacksonville Homeownership Down Payment Assistance Program is a deferred second loan for homebuyers in Jacksonville, North Carolina, administered by City of Jacksonville Neighborhood Improvement Services. Down payment assistance for qualified households at or below 80% AMI who can qualify for a first mortgage. Funded by the North Carolina Housing Finance Agency and administered by the City of Jacksonville. A 0% interest deferred-payment loan due in full at the end of the first mortgage term, upon resale, or upon conversion to a rental unit. Property must be new construction within the Jacksonville city limits. 0% interest deferred-payment second loan. No monthly payments. Repaid only at end of first-mortgage term, resale, or conversion to rental. Funding comes from North Carolina Housing Finance Agency (NCHFA) funds administered by the City of Jacksonville.

City of Jacksonville Homeownership 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 Due in full at end of first mortgage term, upon resale, or upon conversion to a rental unit. 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.

City of Jacksonville Homeownership Down Payment Assistance Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Must have a good credit history for the past 12 months. A homebuyer education course is required, through City-required Homebuyers Education Course. Residency requirement: Property must be within the Jacksonville city limits. Applicant net worth not over $15,000; at least one year of stable employment/income; complete a Homebuyers Education Course. $35 application fee. In March 2026 the City committed an additional $2 million.

City of Jacksonville Homeownership Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Applicant must meet HUD household income limits (targets <80% AMI for Onslow County). Specific by-household-size dollar limits referenced via the City's 'HUD & Income Limits' page; not published as a static table. The limit applies to total household income, not only the borrower&rsquo;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 Jacksonville Homeownership Down Payment Assistance Program can be used for Single Family, Condo, Townhouse, and Modular. New construction is eligible. Manufactured homes are not eligible.

City of Jacksonville Homeownership Down Payment Assistance Program serves homebuyers purchasing in Jacksonville, North Carolina.

Applications for City of Jacksonville Homeownership Down Payment Assistance Program go through City of Jacksonville Neighborhood Improvement Services, 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.