NC Home Advantage Mortgage with Down Payment Assistance · Rowan County
Rowan County, North Carolina: down payment help, step by step
Rowan County, with Salisbury, China Grove, Spencer and part of Kannapolis, gives local public servants access to NCHFA's forgivable help.
Step 1: Know the local market
Rowan-Salisbury Schools serves most of the county. Public safety employers include the Salisbury Police Department, Rowan County Sheriff's Office, Salisbury Fire Department and Rowan County EMS.
Salisbury's historic neighborhoods and the small towns of Spencer, Landis and China Grove give first-time buyers a range of choices, and many homes fall well under the $525,000 cap for the $15,000 option. Part of Kannapolis lies in Rowan, so confirm the county before your lender checks the income limit.
If you earn 80% of area median income or less, a Community Partners Loan Pool member may be able to add up to 25% of the price, capped at $50,000.
Step 2: Check the Rowan County caps
| Income cap, 1 or 2 people | Income cap, 3 or more | Highest price allowed |
|---|---|---|
| $117,000 | $137,000 | $525,000 |
In Rowan County the $15,000 option allows up to $525,000. Rowan's family income limit is $117,000 for 1 to 2 people and $137,000 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 Rowan County
Our last check turned up no program run just for Rowan County. The statewide options still work here. Open the North Carolina program directory.
Step 4: Book your homebuyer class near Rowan 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 Rowan County, with the services, languages and meeting formats each one lists.
| Counseling agency | Town | Miles | Services | Spoken in | Format |
|---|---|---|---|---|---|
| Prosperity Unlimited, Inc | Kannapolis | 12 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Community Foundations | Mooresville | 15 mi | homebuyer education class, pre-purchase counseling | English | Phone |
| Home Solutions | Lexington | 20 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 Rowan County
Some of the larger schools and public safety agencies here:
- Rowan-Salisbury Schools
- Salisbury Police Department
- Rowan County Sheriff's Office
- Salisbury Fire Department
- Rowan County EMS
Any eligible Rowan County buyer can use the programs, whatever the job. Every job the program covers
Rowan County: questions and answers
Is a Kannapolis home in Rowan or Cabarrus?
It depends on the address. Your lender confirms which county's limit applies.
Can I get more than $15,000?
If your income is at or below 80% of area median, a CPLP member organization may add more help.
Do I need a 640 credit score?
Yes. That's NCHFA's minimum, or 660 for a manufactured home.
Nearby county guides: Wake CountyMecklenburg CountyGuilford CountyForsyth CountyDurham CountyCumberland CountyBuncombe CountyUnion County All counties
