Cape Fear Community Land Trust Affordable Homeownership Program
Down-payment assistance · Income limits
Down payment assistance · New Hanover County
Buying a home in Silver Lake, NC
1 county program and 6 statewide.Silver Lake has no program of its own, 1 across New Hanover County, and 6 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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What’s local to Silver Lake
No program of Silver Lake’s own yet
No program run for Silver Lake alone is listed. A home in Silver Lake can use New Hanover County’s programs below, plus the North Carolina statewide and federal ones.
The closest city that runs its own program is Wilmington, about 6 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in New HanoverAnywhere in New Hanover County
1 county program1 county program a Silver Lake homebuyer can use
3 more programs are for homes in Wilmington. See them 3 programs in neighboring cities — for homes inside those cities, not Silver Lake
- Wilmington — City of Wilmington HOP 2gether Program
- Wilmington — Home Ownership Pool (HOP) - City of Wilmington
- Wilmington — Home Ownership Pool (HOP)
The Silver Lake marketThe Silver Lake housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Silver Lake
- 83.6% single-familysingle-family
- 5% townhousetownhouse
- 0.8% 2–4 units2–4 units
- 1.2% 5+ unitscondo & apartment buildings (5+ units)
- 9.4% mobile & othermobile home & other
About condos. Silver Lake’s one local program does not list condos as eligible. Cape Fear Community Land Trust Affordable Homeownership Program lists single_family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Silver Lake’s homes were built
pre-19401970s2020+
25.8%
of Silver Lake homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$109,200
County area median income, 4 people (HUD)HUD area median income, New Hanover County, 4-person household (2026)
$76,756
Silver Lake median household incomeMedian household income in Silver Lake (Census, 2024)
13 of the 69 programs here set their income limit as a share of New Hanover County’s area median income, adjusted for household size. See the published limits for New Hanover County
Free help nearbyFree help near Silver Lake
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
Silver Lake’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Cape Fear Community Land Trust Affordable Homeownership Program asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across North Carolina and nationwide
68 statewide & federal programs6 statewide programs, plus federal options
Silver Lake questions
Does Silver Lake have its own down payment program?
No program run for Silver Lake alone is listed. A home in Silver Lake can use the 1 program that cover New Hanover County and the 6 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Silver Lake?
Silver Lake’s one local program does not list condos as eligible. Cape Fear Community Land Trust Affordable Homeownership Program lists single_family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in New Hanover County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for New Hanover County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Silver Lake?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Silver Lake. Create a free account and take the 90-second match to see the ones near you.
Nearby in New Hanover
Sources
Sources: agency sites (July–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.