City of Concord

City of Concord Downpayment Assistance: $10,000 to $25,000

First-time buyers who haven't owned a home in 3 years and meet HUD income limits can get $10,000 to $25,000 toward the down payment and closing costs on a home inside Concord city limits.

Fact sheet

City of Concord Downpayment Assistance Program

Limited funds

City of Concord

For: First-time buyers (no home owned in 3 years) within HUD income limits buying in Concord city limits
Amount: $10,000 to $25,000 for down payment and closing costs
Form: Forgivable loan
Income cap: HUD income limits (80% AMI HOME limit for Cabarrus 4-person $93,900 per NCHFA 2026 HOME table)
Price cap: $340,000 existing; $364,075 new construction
Only first-time buyers?: Yes
Other conditions: Five-year forgivable second mortgage; 8-hour HUD-approved homebuyer education (online allowed, but at least 4 in-person hours with a HUD counselor); $1,000 of the buyer's own funds; City-approved lender; signed contract at least 45 days before closing; single-family and manufactured homes only (no condos or mobile homes).

'Funds are limited and provided on a first-come first-serve basis.' The page says the HOME Consortium (Concord, Cabarrus County, Iredell County, Kannapolis, Mooresville, Salisbury, Statesville, Rowan County) funds DPA for first-time buyers through its members and CHDOs. Member-specific programs in Iredell and Rowan weren't verified.

Last checked November 2026 · our sources

Check if I qualify

Watch list: City of Concord Downpayment Assistance Program draws on a limited pot of money that can be used up. Ask for an alert and you'll hear when a new round is funded.

What Concord provides

The City of Concord's Community Development office offers a five-year forgivable second mortgage of $10,000 to $25,000. The money can cover both down payment and closing costs. The City's page doesn't explain where in that range your award lands, so ask Community Development how it is set. The loan is forgivable over five years, so that is the window to plan around. Concord is the lead entity of a HOME Consortium that also includes Cabarrus County, Iredell County, Kannapolis, Mooresville, Salisbury, Statesville and Rowan County, and the consortium funds first-time buyer help through its members. This page covers Concord's own program. Five years is a short forgiveness window compared with many programs, as our forgivable assistance guide explains.

Eligibility and home rules

Income must fall within HUD limits; NCHFA's 2026 HOME table puts the 80% figure for a four-person Cabarrus household at $93,900. The price cap is $340,000 for an existing home and $364,075 for new construction. Only single-family and manufactured homes qualify; condos and mobile homes don't. You must contribute $1,000 of your own money, use a City-approved lender, and have a signed contract at least 45 days before closing. That 45-day rule means you should tell the seller about your timeline up front.

Homebuyer education is 8 hours through a HUD-approved provider. Online courses are allowed, but at least 4 of the hours must be in person with a HUD counselor. Kannapolis addresses can fall in Cabarrus or Rowan, and only Concord city addresses qualify here. The Cabarrus County guide has more local detail.

Using it with state programs

Concord's page doesn't address NCHFA's NC Home Advantage Mortgage or the $15,000 NC 1st Home Advantage Down Payment, so a participating lender confirms whether they combine.

How to apply

Funds are limited and handed out first-come, first-served, so a buyer who finishes the class and gets pre-approved early is better placed than one who waits until a contract is signed. Book the education early, line up a City-approved lender, and leave at least 45 days between contract and closing. Check your eligibility to be matched with a loan officer.

County guides for this area: Cabarrus County

City of Concord Downpayment Assistance Program: questions and answers

How much is Concord's downpayment assistance?

$10,000 to $25,000 for down payment and closing costs, as a five-year forgivable second mortgage.

What is Concord's price limit?

$340,000 for existing homes and $364,075 for new construction.

Can I buy a condo with Concord assistance?

No. Only single-family and manufactured homes qualify; condos and mobile homes don't.

See if I qualify for this one

Programs to compare

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City of Durham Down Payment Assistance (DPA) Program (City of Durham)
Greensboro Homebuyer Assistance Program (Housing Connect GSO): Low- to Moderate-Income and Moderate-Income offerings (City of Greensboro)
Greensboro Public Service Heroes homebuyer assistance (City of Greensboro)

Drawn from the program's own web page as of November 2026. Money runs out and terms get revised, so check the latest with the program office or a lender that handles it. North Carolina Down Payment Assistance has no tie to this program.