Concord, NC

Down payment assistance in Concord, NC

The City of Concord gives first-time buyers $10,000 to $25,000 toward down payment and closing costs, forgiven over five years.

Concord's Community Development office runs the City of Concord Downpayment Assistance Program for buyers purchasing inside city limits who haven't owned a home in 3 years. Awards range from $10,000 to $25,000 for down payment and closing costs as a five-year forgivable second mortgage. The City says funds are limited and handed out first come, first served, so it's best treated as funding-dependent.

What are Concord's limits and rules?

Income must fall within HUD limits; the 80% AMI HOME limit for Cabarrus County is $93,900 for a family of four in NCHFA's 2026 table. Price caps are $340,000 for an existing home and $364,075 for new construction. Only single-family and manufactured homes qualify, so condos and mobile homes are out. Plan for 8 hours of HUD-approved education with at least 4 in-person hours with a HUD counselor, $1,000 of your own money, a City-approved lender and a signed contract at least 45 days before closing. That 45-day lead time matters in a competitive market, so tell your agent before you write an offer.

Concord is also the lead entity of the Cabarrus/Iredell/Rowan HOME Consortium, which funds first-time buyer help through member governments and nonprofit housing groups in places like Kannapolis, Mooresville, Salisbury and Statesville. Those member programs weren't verified, so buyers outside Concord should call their own town. Cabarrus County Schools and Kannapolis City Schools staff, plus Concord Police and Concord Fire employees, can also look at NCHFA's NC Home Advantage Mortgage, with 3% of the loan or $15,000 for qualifying first-time buyers and income up to $117,000 for one or two people in Cabarrus. See the Cabarrus County page for the statewide limits.

Programs run by Concord

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

Read the full program page Check if I qualify

Statewide programs

Buyers in Concord can also draw on 2 statewide programs, NC Home Advantage Mortgage with Down Payment Assistance among them. Open the North Carolina program directory or try the program matcher.

County guide: Cabarrus County

Book your homebuyer class near Cabarrus County

Plan on a homebuyer class; most programs want the certificate in hand before you close. Below are HUD-approved agencies within driving distance of Cabarrus County, with the services, languages and meeting formats each one lists.

Counseling agency	Town	Miles	Services	Spoken in	Format
Prosperity Unlimited, Inc	Kannapolis	6 mi	homebuyer education class, pre-purchase counseling	English	Face to Face, Phone, Internet
Community Foundations	Mooresville	20 mi	homebuyer education class, pre-purchase counseling	English	Phone
Dreamkey Partners	Charlotte	24 mi	homebuyer education class, pre-purchase counseling	English	Phone

Pulled from the HUD housing counseling directory. Ask before you enroll, because programs differ on which classes count.

Which class counts? Ask a loan officer who handles North Carolina programs. They can name the right class and begin your pre-approval in the same call. Start the eligibility check

Concord: questions and answers

Can I use Concord's program to buy a condo?

No. Concord's program covers single-family and manufactured homes only. Condos and mobile homes don't qualify.

Why does Concord need my contract 45 days before closing?

The City requires a signed purchase contract at least 45 days ahead so it can review the file. Build that time into your closing date.

Is there help for Kannapolis buyers?

Kannapolis is a member of the HOME Consortium that Concord leads, but its member-specific program wasn't verified. Contact Kannapolis directly, and check the statewide options on the Cabarrus County page.