City-Wide Homebuyer Assistance Program

City-Wide Homebuyer Assistance Program is a deferred second loan for homebuyers in High Point, North Carolina. City of High Point CDBG/HOME-funded DPA: up to $10,000 deferred forgivable second for first-time homebuyers at/below 80% AMI purchasing anywhere within High Point city limits. 5-10 year HOME affordability period. City of High Point City-Wide Homebuyer Assistance Program: up to $10,000 in down payment / closing-cost assistance for income-qualified first-time homebuyers (at or below 80% AMI) purchasing anywhere within High Point city limits (which span Guilford, Davidson, Forsyth, and Randolph counties). 0% deferred forgivable second. 5-10 year HOME affordability period. Pairs with NCHFA, FHA, VA, USDA, Conventional. Funding comes from Federal HOME, Federal CDBG, and Local Government.

City-Wide Homebuyer Assistance Program offers up to $7,500 in assistance. Homebuyer contribution: Buyer must contribute at least $1,000 of own funds. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

City-Wide Homebuyer Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Deferred 0% and forgiven prorated over 5-10 year HOME affordability period. Balance due on sale/transfer/refinance/non-owner-occupancy during term. 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-Wide Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Standard FTHB requirement; displaced homemaker / single-parent exceptions per HUD. On credit, the program states: Generally 640 minimum (per first-mortgage product). A homebuyer education course is required, through HUD-approved housing counseling agencies including Housing Consultants Group (Greensboro/Guilford-High Point) and Community Housing Solutions. 8-hour pre-purchase education plus 1-on-1 counseling. Residency requirement: Property must be located within City of High Point corporate limits (Guilford, Davidson, Forsyth, or Randolph county portion) and serve as primary residence. Citizenship or immigration status: U.S. citizen or eligible non-citizen. First-time homebuyer (no primary-residence ownership past 3 years). Owner-occupied primary residence within High Point city limits (Guilford, Davidson, Forsyth, or Randolph). Household income at or below 80% AMI Greensboro-High Point HMFA (1-person $43,300 to 8-person $81,650 FY2025). 8-hour HUD-approved homebuyer education plus 1-on-1 counseling. Minimum $1,000 buyer contribution. Property must pass HQS inspection; pre-1978 properties require lead-based-paint risk assessment. CDBG/HOME environmental review.

City-Wide Homebuyer 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 Greensboro-High Point HMFA. FY2025: 1-person $43,300 to 8-person $81,650. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. 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-Wide Homebuyer Assistance Program caps the purchase price as follows: Subject to HUD HOME 95% area median sales price limits for Greensboro-High Point HMFA. Eligible property types include Single-family detached, Townhome, and Condominium. New construction is eligible. Manufactured homes are not eligible.

City-Wide Homebuyer Assistance Program serves homebuyers purchasing in High Point, North Carolina.

Applications for City-Wide Homebuyer Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply directly to City of High Point Community Development. Income certification, credit review, and property eligibility determination performed by City staff. 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.