NC Home Advantage Mortgage with Down Payment Assistance · Alamance County
Alamance County, North Carolina: down payment help, step by step
Alamance County sits between the Triad and the Triangle, and its teachers and first responders can buy in Burlington, Graham, Mebane or Elon with NCHFA's help.
Step 1: Know the local market
The Alamance-Burlington School System serves the whole county. Public safety employers include the Burlington Police Department, Alamance County Sheriff's Office, Burlington Fire Department and Alamance County EMS.
Mebane has grown as a commuter town for both Durham and Greensboro workers, while Graham, the county seat, and Gibsonville offer older neighborhoods. Elon blends a college town with quiet streets. First-time buyers can use the $15,000 option on homes up to $525,000.
Thinking about a fixer-upper? FHA 203(k) rehab loans can't be used with the NC Home Advantage Mortgage, so plan repairs separately.
Step 2: Check the Alamance County caps
| Income cap, 1 or 2 people | Income cap, 3 or more | Highest price allowed |
|---|---|---|
| $114,000 | $131,000 | $525,000 |
Alamance follows the $525,000 statewide cap for the $15,000 option. Its family income limit is $114,000 for a household of 1 or 2, and $131,000 for 3 or more. Statewide figures are in the limits table; to test a price against your income, use the budget calculator.
Step 3: Add local help in Alamance County
Our last check turned up no program run just for Alamance County. The statewide options still work here. Open the North Carolina program directory.
Step 4: Book your homebuyer class near Alamance 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 Alamance County, with the services, languages and meeting formats each one lists.
| Counseling agency | Town | Miles | Services | Spoken in | Format |
|---|---|---|---|---|---|
| Centre for Home Ownership & Economic Development Corporation | Hillsborough | 18 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Housing Consultants Group | Greensboro | 21 mi | homebuyer education class, pre-purchase counseling | English, Spanish | Face to Face, Phone, Internet |
| Empowerment Incorporated | Chapel Hill | 21 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone |
| Housing Authority of the City of Greensboro D/B/A Greensboro Housing Authority | Greensboro | 22 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Cccs of Greater Greensboro | Greensboro | 22 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
Pulled from the HUD housing counseling directory. Ask before you enroll, because programs differ on which classes count.
Major public employers in Alamance County
Some of the larger schools and public safety agencies here:
- Alamance-Burlington School System
- Burlington Police Department
- Alamance County Sheriff's Office
- Burlington Fire Department
- Alamance County EMS
These are local examples. Any eligible Alamance buyer can use NCHFA's programs. Every job the program covers
Alamance County: questions and answers
Can I use a 203(k) rehab loan?
No. FHA 203(k) loans aren't eligible with the NC Home Advantage Mortgage.
Do I need homebuyer education?
Yes, if every borrower is a first-time buyer. One borrower takes an approved course.
Can an Elon University staffer use this?
Yes. Any eligible buyer qualifies, whatever the job.
Nearby county guides: Wake CountyMecklenburg CountyGuilford CountyForsyth CountyDurham CountyCumberland CountyBuncombe CountyUnion County All counties
