- Location
- NC
- Type
- Deferred loan
- Max assistance
- $0
- Income limit
- $84,350
- First-time buyer
- Not required
- Property types
- Single family
Buncombe County's Downpayment Assistance program provides up to $40,000 in forgivable second-lien financing for low- to moderate-income buyers purchasing a home in Buncombe County (including the City of Asheville). Funded by the County's general fund and HOME funds. Forgiven 1/180th per month over a 15-year affordability period; repaid on sale or non-owner-occupancy.
Learn this program
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
Downpayment Assistance, explained
A short, free course on Downpayment Assistance: 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
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.