Sandhills Community Action Program Down Payment Assistance (CPLP)
Sandhills Community Action Program Down Payment Assistance (CPLP) is a deferred second loan for homebuyers in Southern Pines, North Carolina, administered by Sandhills Community Action Program.
The program asks for
- 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 Moore, Anson, Montgomery, Richmond, Scotland counties (Sandhills region). Contact: 910-947-5675, 340 Commerce Ave Ste 20, Southern Pines NC 28387.
- A home in Moore; Anson; Montgomery; Richmond; Scotland County
It doesn’t cover
- Households above 80% of area median income
- Homes outside Moore; Anson; Montgomery; Richmond; Scotland County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of Moore; Anson; Montgomery; Richmond; Scotland County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Sandhills Community Action Program to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Sandhills Community Action Program Down Payment Assistance (CPLP)?
Sandhills Community Action Program Down Payment Assistance (CPLP) is a deferred second loan for homebuyers in Southern Pines, North Carolina, administered by Sandhills Community Action Program. Funding comes from NCHFA Community Partners Loan Pool (CPLP).
How much assistance does it provide?
Sandhills Community Action Program Down Payment Assistance (CPLP) offers up to $50,000 in assistance. Amounts are the program's published maximums, not an offer — Sandhills Community Action Program determines any individual award.
Do you have to pay it back?
Sandhills Community Action Program Down Payment Assistance (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?
Sandhills Community Action Program Down Payment Assistance (CPLP) sets its eligibility rules through Sandhills Community Action Program, and does not restrict applicants to first-time homebuyers. A homebuyer education course is required. 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 Moore, Anson, Montgomery, Richmond, Scotland counties (Sandhills region). Contact: 910-947-5675, 340 Commerce Ave Ste 20, Southern Pines NC 28387.
What are the income limits?
Sandhills Community Action Program Down Payment Assistance (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?
Sandhills Community Action Program Down Payment Assistance (CPLP) can be used for single_family, townhouse, and condo.
Where does it apply?
Sandhills Community Action Program Down Payment Assistance (CPLP) serves homebuyers purchasing in Southern Pines, North Carolina.
How do you apply?
Applications for Sandhills Community Action Program Down Payment Assistance (CPLP) go through Sandhills Community Action Program, which publishes the current terms and the application steps on its own site. 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.
Also for Moore; Anson; Montgomery; Richmond; Scotland County homebuyersOther programs open to Moore; Anson; Montgomery; Richmond; Scotland County homebuyers
- NC 1st Home Advantage Down PaymentUp to $15,000
- Down Payment AssistanceUp to $2,500
- Community Partners Loan Pool (CPLP)Deferred
Whether two programs can be combined is up to each agency. Ask before you apply.
All 69 programs for Moore; Anson; Montgomery; Richmond; Scotland CountyProgram terms are set by Sandhills Community Action Program and can change; confirm on the official site before you apply.