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Homebuyer Assistance Program for #100Homes

Greensboro, North Carolina

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See what you qualify forOfficial program site →
Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 15 years

What is Homebuyer Assistance Program for #100Homes?

Homebuyer Assistance Program for #100Homes is a deferred second loan for homebuyers in Greensboro, North Carolina.

  • Greensboro #100Homes DPA: up to $30,000 deferred forgivable second for workforce buyers purchasing #100Homes-designated affordable units within Greensboro. 80%-120% AMI. 600 FICO. 15-year affordability period.
  • Greensboro Homebuyer Assistance Program for #100Homes: up to $30,000 in down payment / closing-cost assistance for workforce buyers (80%-120% AMI) purchasing homes built or rehabilitated under the City's '#100Homes' affordable-homeownership initiative (launched 2022.
  • partnerships with CDCs, Habitat, and infill builders). Structured as a 0% deferred forgivable second.
  • 15-year affordability term. 600 FICO minimum. Pairs with NCHFA, FHA, VA, USDA, and Conventional first mortgages.
  • Funding comes from Local Government, Federal HOME, and Federal CDBG.

Do you have to pay it back?

Homebuyer Assistance Program for #100Homes is forgiven after 15 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Deferred 0% and forgiven prorated over 15-year 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?

Homebuyer Assistance Program for #100Homes 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: 600 FICO minimum. Some compensating factors may apply for borderline credit.
  • A completed homebuyer education course, through HUD-approved housing counseling agencies including Housing Consultants Group (Greensboro/Guilford), Community Housing Solutions, and OnTrack WNC. 8-hour pre-purchase education plus 1-on-1 counseling required.
  • Residency: Property must be located within City of Greensboro corporate limits and be a #100Homes-designated unit. Owner-occupied 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 Greensboro city limits. Household income 80%-120% AMI Greensboro-High Point HMFA ($69,700 4p min to $131,450 8p max FY2025). Property must be a #100Homes-designated unit (newly built or substantially rehabilitated under the program). 600 FICO minimum. 8-hour HUD-approved homebuyer education plus 1-on-1 counseling. Minimum $1,000 buyer contribution. Property must pass HQS inspection.

The program excludes

  • Manufactured homes
  • Households above 120% 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?

Homebuyer Assistance Program for #100Homes limits household income to 120% of the area median income, which varies by county and household size.

  • Household income 80%-120% AMI for Greensboro-High Point HMFA. FY2025: 4p $69,700 (80%) to 4p ~$104,500 (120%); 8p maxes at $131,450.
  • 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?

Homebuyer Assistance Program for #100Homes caps the purchase price as follows: Subject to current #100Homes designated property pricing; typically aligned with HOME 95% AMSP or local affordability targets.

  • Eligible property types include Single-family detached, Townhome, and Condominium.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Homebuyer Assistance Program for #100Homes serves buyers purchasing in Greensboro, North Carolina.

  • The program targets specific areas: Limited to #100Homes-designated affordable-homeownership properties within Greensboro city limits (newly built or rehabilitated under the City's '100 Homes' initiative launched in 2022).

How do you apply?

Applications for Homebuyer Assistance Program for #100Homes 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), Community Housing Solutions, and OnTrack WNC. 8-hour pre-purchase education plus 1-on-1 counseling required..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Apply through City of Greensboro Neighborhood Development. #100Homes designated properties listed via City's affordable-homeownership portal and partner CDCs., 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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