NC Home Advantage Mortgage with Down Payment Assistance · Iredell County
Iredell County, North Carolina: down payment help, step by step
Iredell County runs from Lake Norman's Mooresville up to Statesville, and its public servants can use NCHFA's help in both.
Step 1: Know the local market
Iredell has two school systems: Iredell-Statesville Schools and the Mooresville Graded School District. Local public safety employers include the Statesville Police Department, Mooresville Police Department, Iredell County Sheriff's Office and Iredell County EMS.
Homes near Lake Norman in Mooresville can run above the $525,000 cap for the $15,000 option. Statesville, Troutman and Harmony are more likely to fit under it. If you're over the cap or a move-up buyer, the 3% option still works.
Harmony and other rural northern areas may also qualify for USDA financing, which is allowed with the NC Home Advantage Mortgage.
Step 2: Check the Iredell County caps
| Income cap, 1 or 2 people | Income cap, 3 or more | Highest price allowed |
|---|---|---|
| $107,000 | $123,000 | $525,000 |
Iredell's $15,000-option buyers must stay at or below $525,000, and family income at or below $107,000 for 1 or 2 people, or $123,000 for 3+. Statewide figures are in the limits table; to test a price against your income, use the budget calculator.
Step 3: Add local help in Iredell County
Our last check turned up no program run just for Iredell County. The statewide options still work here. Open the North Carolina program directory.
Step 4: Book your homebuyer class near Iredell 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 Iredell County, with the services, languages and meeting formats each one lists.
| Counseling agency | Town | Miles | Services | Spoken in | Format |
|---|---|---|---|---|---|
| Community Foundations | Mooresville | 16 mi | homebuyer education class, pre-purchase counseling | English | Phone |
| Prosperity Unlimited, Inc | Kannapolis | 28 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Western Piedmont Council of Governments | Hickory | 29 mi | pre-purchase counseling | English, Spanish | Face to Face, Phone, Internet |
| Home Solutions | Lexington | 35 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Financial Pathways of the Piedmont | Winston Salem | 41 mi | homebuyer education class, pre-purchase counseling | English, Spanish | 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 Iredell County
Some of the larger schools and public safety agencies here:
- Iredell-Statesville Schools
- Mooresville Graded School District
- Statesville Police Department
- Mooresville Police Department
- Iredell County Sheriff's Office
- Iredell County EMS
NCHFA has no job rule, so any eligible Iredell County buyer qualifies. Every job the program covers
Iredell County: questions and answers
Do Mooresville Graded School District teachers qualify?
Yes. Teachers in either district, or any eligible buyer, can apply.
Can I buy a lake home with the $15,000?
Only if it's your principal residence and priced at $525,000 or less.
What if I owned a home in Statesville two years ago?
You can use the 3% option. The $15,000 needs 3 years without owning, unless you're a qualifying veteran or buying in a targeted tract.
Nearby county guides: Wake CountyMecklenburg CountyGuilford CountyForsyth CountyDurham CountyCumberland CountyBuncombe CountyUnion County All counties
