Wake County Affordable Homeownership Program

— FUNDS ARE NOT AVAILABLE AT THIS TIME —
As funds become available, we will inform the lender partners listed below.

Wake County has allocated $712,000 for fiscal year 2023-2024. The Affordable Homeownership Program was created to promote wealth creation through homeownership opportunities. The program helps first-time homebuyers achieve the dream of homeownership.

What is The Affordable Homeownership Program?

The Affordable Homeownership Program offers forgivable, no monthly payment loans up to $50,000 to low- to moderate-income households. Serving all Wake County municipalities, outside of Raleigh and Cary.*

DHIC will administer the program and provide essential homebuyer education and and one-on-one sessions, when requested.

What can this program help me with?

Home purchase assistance for first-time homebuyers

Do I Qualify?

To qualify, applicants must meet the following requirements:

• Have a household income that is at or below 80% Area Median Income (AMI).
• Individuals interested in purchasing their first home.

*Raleigh and Cary are excluded due to the federal funding source supporting the program.

Additional Requirements/Information:

Wake County 80% Income Limits by Household Size:
1-Person: $68,500
2-Person: $78,250
3-Person: $88,050
4-Person: $97,800
*2024 limits. Updated annually.

Maximum Sales Price: None
Minimum Credit Score: 640
Property Eligibility: New construction and existing homes

Eligible cities/townships: Apex, Fuquay-Varina, Garner, Holly Springs, Knightdale, Morrisville, Rolesville, Wake Forest, Wendell or Zebulon.

Please note – The program lenders listed below are the only approved lenders to contact specifically for the Wake County Affordable Homeownership program.

Approved Lenders for the Wake County Affordable Homeownership Program:

For questions or for more information on the application process, call DHIC at (919) 615-3720 or email us at WakeAHP@dhic.org.