3 Down Payment Assistance Programs for Raleigh Homebuyers
Buying an Affordable Home
Community Development Homebuyer Programs
Are you thinking about buying a home?
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Citywide Homeownership Program
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OWNER Program
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Homebuyer Rehabilitation Program
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Purchasing a home is probably the biggest investment you ever make. Before you buy a home, there are several things you will need to learn. The first step in making a sound investment is to learn about the home buying process. The City requires a Homeownership Class Certificate to participate in its homebuyer assistance programs. In addition to a class, you can educate yourself by accessing the free information at the 
The Citywide Homeownership Program is for first-time homebuyers (HUD defines this as someone who hasn’t owned a home in the last three years) who meet income qualifications with buying a home in Raleigh’s city limits. This second mortgage program offers up to $20,000 as a low-interest loan and helps with down payment and/or closing costs or a gap in financing. The homebuyer must qualify with a first mortgage from a participating lender. See the list of lenders that work with this program in the Related Section, as well as income ranges.
The OWNER (Ownership Within Neighborhoods to Encourage Revitalization) Program is not limited to first-time homebuyers, but it does have income and targeted area limitations. Depending on income and need, this 0% interest second mortgage can be up to $30,000. Again, the homebuyer must qualify for a participating lender’s first mortgage. There is a map that shows the targeted areas in the Related Section. The same lenders work with this program. More details are below.
The Homebuyer Rehabilitation Program assists with the purchase and renovation of a home that is in need of repair before the owner can move in. The amount of the low-interest loan depends on the cost of the purchase and rehab, and other conditions apply. See the details in the link below.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183