NCHFA Housing Trust Fund | North Carolina Housing 2025

NCHFA Housing Trust Fund is administered by the North Carolina Housing Finance Agency (NCHFA) or a partnering

local housing department to promote safe, affordable homeownership and home preservation statewide. Qualified

borrowers can access varies plus below‑market‐rate financing, homebuyer education, and post‑purchase

counseling. The program is compatible with FHA, VA, USDA, and conventional loans and may be layered with

Mortgage Credit Certificates or other federal resources. Income and purchase‑price limits, updated for 2025,

ensure assistance targets low‑ to moderate‑income households. Properties must meet NCHFA standards for safety

and habitability. Homebuyers are required to occupy within 60 days of closing, and select programs offer

forgiveness schedules that reduce repayment obligations over time. Funds are reserved through an

NCHFA‑approved lender network and disbursed at closing to reduce out‑of‑pocket costs.

• Household income ≤ 2025 NCHFA limits based on county and family size.

• Purchase price (or after‑rehab value) ≤ NCHFA program cap for the property location.

• Minimum 640 credit score (higher for conventional or self‑help products); DTI ≤ 45 %.

• Completion of an approved homebuyer education course before closing.

• Property must be a 1‑4 unit primary residence, condo, or manufactured home on permanent foundation.

• Varies applied to down payment, closing costs, rehab, or mortgage relief.

• 30‑year fixed‑rate mortgage with interest often below market (where applicable).

• Option to combine with NC Home Advantage Tax Credit for up to $2,000 annual federal tax savings.

• Free foreclosure‑prevention counseling available statewide.

1. Review county income and purchase‑price charts on nchfa.com.

2. Obtain pre‑approval from an NCHFA‑participating lender and reserve program funds.

3. Complete HUD‑approved homeownership education online or in person.

4. Execute purchase agreement, finalize underwriting, and lock NC Home Advantage rate if applicable.

5. Attend closing; NCHFA assistance funds are wired to the closing attorney to cover eligible costs.