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City-Wide Homebuyer Assistance Program

High Point, North Carolina

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Assistance

$7,500

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is 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.

How much assistance does it provide?

City-Wide Homebuyer Assistance Program offers up to $7,500 in assistance.

  • Buyer 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.

Do you have to pay it back?

City-Wide Homebuyer Assistance Program is forgiven after 5 years, so a buyer 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.

Who qualifies?

City-Wide Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Standard FTHB requirement; displaced homemaker / single-parent exceptions per HUD.
  • The home is occupied as a primary residence
  • On credit: Generally 640 minimum (per first-mortgage product).
  • A completed homebuyer education course, 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: 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.

The program excludes

  • Manufactured homes
  • 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?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, 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..

  2. Contact the administering agency to reserve funds

    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., 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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