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Monroe-Union County CDC Down Payment Assistance Program

Monroe-Union County Community Development Corporation (MUCCDC) · Monroe, North Carolina

Last verified
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Assistance

$7,500

The maximum the program publishes — not an offer

Repayment

Deferred

No payments until the home is sold or refinanced

What is Monroe-Union County CDC Down Payment Assistance Program?

Monroe-Union County CDC Down Payment Assistance Program is a deferred second loan for homebuyers in Monroe, North Carolina, administered by Monroe-Union County Community Development Corporation (MUCCDC).

  • Down payment assistance for income-eligible first-time homebuyers offered by the Monroe-Union County Community Development Corporation, a HUD-approved housing counseling agency. Funds may be applied to closing costs, lender-required down payment, and prepaid expenses. Families living in and purchasing in Monroe can receive up to $7,500, paired with the agency's pre-homeownership counseling.
  • Up to $7,500 toward down payment, closing costs, and prepaid expenses.
  • Paired with free HUD-approved housing counseling.
  • Funding comes from Administered by MUCCDC (nonprofit CDC); agency also channels NCHFA / NC Dept. of Commerce funding for related programs.

How much assistance does it provide?

Monroe-Union County CDC Down Payment Assistance Program offers up to $7,500 in assistance.

  • Amounts are the program's published maximums, not an offer — Monroe-Union County Community Development Corporation (MUCCDC) determines any individual award.

Do you have to pay it back?

Monroe-Union County CDC Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Monroe-Union County CDC Down Payment 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 — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through MUCCDC pre-homeownership counseling; eHome America online homebuyer class (https://www.ehomeamerica.org/muccdc).
  • Residency: $7,500 tier applies to families living in Monroe and purchasing in Monroe.
  • DRAFT (dpa-gap-finder 2026-06-12): pending admin review. DPA assistance_type (deferred vs forgivable) and interest rate not explicitly stated on the source; marked deferred_loan as best inference, verify with the agency. Income limits and credit/DTI not published. MUCCDC's Housing Rehabilitation program is NOT accepting applications, but DPA is listed as available.

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?

Monroe-Union County CDC Down Payment Assistance Program sets its income limit as follows: Available to income-eligible first-time homebuyers (low-to-moderate income). The source page does not publish a specific by-household-size table; exact limits not confirmable.

  • 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?

Monroe-Union County CDC Down Payment Assistance Program can be used for Single Family.

  • New construction is eligible.

Where does it apply?

Monroe-Union County CDC Down Payment Assistance Program serves buyers purchasing in Monroe, North Carolina.

How do you apply?

Applications for Monroe-Union County CDC Down Payment Assistance Program go through Monroe-Union County Community Development Corporation (MUCCDC), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through MUCCDC pre-homeownership counseling; eHome America online homebuyer class (https://www.ehomeamerica.org/muccdc)..

  2. Contact Monroe-Union County Community Development Corporation (MUCCDC) 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.

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