Down Payment Assistance For First Time Home Buyers

Real Estate Agent with The Rockel Group 244520

Down Payment Assistance For First Time Home Buyers

If you are considering buying your first home and you are trying to figure out if you can afford it, then I think you will like the next sentence.  N.C.  Housing Finance Agency is offer $15,000 down payment assistant for first time home buyers  that are looking to buy a home in Fayetteville, NC and Cumberland County. That's wonderful news and The Rockel Group can help you find your first home. Of course there are some requirements when qualifying for first time home buyers down payment assistance. We have a few amazing lender partners that are on the N.C. Housing Finance Agency approved lender list in the Fayetteville area, let us help get you in touch with them.

Here are a few key points to the down payment assistance program for first time home buyers that;

  • You are a first time home buyer or have not owned a house within the last 3 years.
  • Your income does not exceed a certain limit (please see chart) and look for Cumberland County.

NC Housing Income Limits

  • You purchase an existing house below $245, can get a lot of home for this price in Cumberland county.
  • You have to buy in the eligible county...Cumberland County.
  • Your credit score is 640 or higher. Contact us and we can put you in touch with our lenders that can help make sure you meet this requirement as well as other.
  • You complete an in-person or online home buyers education course. We do offer First Time Home Buyer Seminars if you are interested. If you can’t find a date that works for you, we may have others being done around Fayetteville that might work with your schedule


Buying a home can be stressful at times and if the money was not one of the stresses, then let us help you. The best part about this program is that it works for VA, FHA, USDA and Conventional loans. To our understanding, the $15,000 down payment assistance is in the form of a five year deferred loan at zero interest. We are being told the best part of the Cumberland County down payment assistance is... if you stay in the home for 5 years then you won’t have to repay the down payment loan and it’s forgiven.  It’s forgiven at 20% per year for each full year you live in the home . This program is on a first come first serve basis until the money runs out, so let us help you take advantage of the lower rates and extra financial buying power. 

The Rockel Group


Even better, some first time home buyers may also qualify for the Mortgage Credit Certificate (MCC), which provides a federal tax credit up to $2,000 a year and our preferred lenders can help answer more detailed questions about these two great programs.


I’m sure you're reading this and trying to figure out if this is something that could help you or maybe you're reading this and confused about the qualifications of the down payment assistance for buying a home in Cumberland County? That is where we come in and can help you as your Buyer’s Agent to help make sure you know all the options available for you, even better...a Buyer’s Agent is free and you can buy any home listed by anyone for sale and know that you have someone on your side that does not represent the seller (or listing). The Rockel Group knows how we can help you if you are interested in buying your first home.

Comments (2)

David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential



Your potential buyers don’t know how fortunate they are to have such a great program to go along with today’s interest rates. Buyers need to jump on this.

Sep 15, 2015 12:13 AM
Katrina Rockel

Thanks for reading. This program was just introduced last week to us we are very excited about this. Have a wonderful day!

Sep 16, 2015 04:22 AM
Sherlly cadeau

Hello, my name is Sherlly and I Recently moved here from Pennsylvania to Fayettville approximately 4 months ago. I am looking to purchase a home and would like to know more information. I did read the blog however, I Would like to where and when are your seminars held? Thank you in advance.

Dec 17, 2018 04:50 PM