hey prescott.
See what you qualify for

Housing Assistance Corporation Down Payment Assistance Program (CPLP)

The Housing Assistance Corporation, Inc. · Hendersonville, North Carolina

Last verified
See what you qualify forOfficial program site →
Assistance

$50,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is Housing Assistance Corporation Down Payment Assistance Program (CPLP)?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Hendersonville, North Carolina, administered by The Housing Assistance Corporation, Inc.

  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from NCHFA Community Partners Loan Pool (CPLP).

How much assistance does it provide?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) offers up to $50,000 in assistance.

  • Amounts are the program's published maximums, not an offer — The Housing Assistance Corporation, Inc. determines any individual award.

Do you have to pay it back?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • 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.

Who qualifies?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) sets its eligibility rules through The Housing Assistance Corporation, Inc., and does not restrict applicants to first-time buyers.

The program requires

  • A completed homebuyer education course
  • Must be combined with NC Home Advantage Mortgage or USDA Section 502 Direct loan. Requires 6 hrs homebuyer education + 2 hrs one-on-one pre-purchase counseling. Amount: lesser of 25% of sales price or $50,000. Serves 21 western NC counties. Contact: 828-692-4744, PO Box 2057, Hendersonville NC 28793.

The program excludes

  • 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?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% of Area Median Income.
  • 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?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) can be used for single_family, townhouse, and condo.

Where does it apply?

Housing Assistance Corporation Down Payment Assistance Program (CPLP) is a federal program, so it is not limited to North Carolina.

How do you apply?

Applications for Housing Assistance Corporation Down Payment Assistance Program (CPLP) go through The Housing Assistance Corporation, Inc., which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact The Housing Assistance Corporation, Inc. to reserve funds

    Funds are reserved with the provider 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.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

Housing Assistance Corporation Down Payment Assistance Program (CPLP), explained

A short, free course on Housing Assistance Corporation Down Payment Assistance Program (CPLP): what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Read the course

Other programs in Hendersonville, North Carolina

See every program in Hendersonville, North Carolina →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs