City of Greensboro

Greensboro Homebuyer Assistance: up to $30,000 through Housing Connect GSO

First-time buyers in Greensboro city limits can get a forgivable 0% second mortgage: up to $30,000 at or below 80% of area median income, or up to $25,000 between 80% and 120%.

Fact sheet

Greensboro Homebuyer Assistance Program (Housing Connect GSO): Low- to Moderate-Income and Moderate-Income offerings

Taking applications

City of Greensboro

For: First-time buyers buying in Greensboro city limits
Amount: Low- to Moderate-Income (at or below 80% AMI, HOME funds): up to $25,000 + $5,000 redevelopment/reinvestment-area bonus = $30,000. Moderate-Income (#100Homes, 80-120% AMI, ARP funds): up to $20,000 + $5,000 bonus = $25,000. Minimum $1,000; never more than 20% of the price
Form: Forgivable loan
Income cap: 80% AMI 4-person $73,200; 120% AMI 4-person $109,800 (current posted guidelines)
Price cap: Low- to Moderate-Income: 95% of HUD median (listed 2024 limits $247,000 existing / $313,000 new construction). Moderate-Income: no limit
Only first-time buyers?: Yes
Other conditions: 0% interest second mortgage, term up to 10 years, forgiven yearly; affordability period 5 years under $15,000 and 10 years for $15,000-$40,000; 8 hours City-approved homebuyer education plus HUD-certified counseling; credit score 600+; 45% max DTI; liquid assets cap $20,000; must have a realtor; lender needs a physical NC office; fixed-rate first mortgage. Bonus areas: Eastside Park, Ole Asheboro, Willow Oaks (redevelopment) and Dudley Heights, Glenwood, Kings Forest, Mill District, Random Woods (reinvestment).

Amounts come from the City's Program Policy and Underwriting Guidelines (https://www.greensboro-nc.gov/home/showpublisheddocument/63270/638876458892000000). The cover reportedly reads July 2026, but headers say 2025 and price limits are labeled 2024, so confirm current amounts. Public Service Heroes (teachers, city/county staff, military) is listed under occupation_specific.

Last checked November 2026 · our sources

Check if I qualify

Two income offerings and a location bonus

Greensboro splits its help by income. The Low- to Moderate-Income offering, paid from federal HOME funds, serves households at or below 80% of area median ($73,200 for four people) with up to $25,000. The Moderate-Income offering, branded #100Homes and paid from ARP funds, serves households between 80% and 120% ($109,800 for four) with up to $20,000. Either offering adds a $5,000 bonus for homes in designated areas, reaching $30,000 or $25,000. The minimum award is $1,000, and help never exceeds 20% of the price. On a $100,000 home, for example, that rule holds the award to $20,000 even if you'd otherwise qualify for more.

Bonus areas are the redevelopment areas of Eastside Park, Ole Asheboro and Willow Oaks, plus the reinvestment areas of Dudley Heights, Glenwood, Kings Forest, Mill District and Random Woods.

Loan terms

The 0% second mortgage has a term of up to 10 years and is forgiven a portion each year. The affordability period is 5 years for awards under $15,000 and 10 years for $15,000 to $40,000. See how forgivable loans work.

Buyer and home requirements

The lower-income offering has a price limit of 95% of HUD's median, listed as $247,000 for existing homes and $313,000 for new construction (labeled 2024 limits). The moderate offering has no price limit. Both require 8 hours of City-approved education plus HUD-certified counseling, a 600+ credit score, a maximum 45% debt-to-income ratio, liquid assets of $20,000 or less, a realtor, a fixed-rate first mortgage and a lender with a physical North Carolina office. The guidelines carry mixed dates (a July 2026 cover, 2025 headers and 2024 price limits), so confirm current amounts with the administrator.

How to apply

Housing Consultants Group runs the program for the City (336-553-0946 x201, info@housingconsultantsgroup.org). Complete the education and counseling, hire a realtor, and choose a qualifying lender. Whether the City loan pairs with NCHFA's programs isn't stated, so the participating lender confirms. Teachers and City or County staff should also read about Public Service Heroes. Our Guilford County guide has local limits, and you can check your eligibility here.

County guides for this area: Guilford County

Greensboro Homebuyer Assistance Program (Housing Connect GSO): Low- to Moderate-Income and Moderate-Income offerings: questions and answers

How much is Greensboro's down payment assistance?

Up to $25,000 at or below 80% of area median income, or up to $20,000 at 80% to 120%, plus a $5,000 bonus in designated areas. It can't exceed 20% of the price.

What credit score does Greensboro require?

A score of 600 or higher, with a debt-to-income ratio of 45% or less.

Is there a price limit in Greensboro?

For the lower-income offering, yes: 95% of HUD's median, listed as $247,000 existing and $313,000 new construction. The moderate-income offering has none.

See if I qualify for this one

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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.