About the Program

DreamKey Partners administers the House Charlotte down payment assistance on behalf of the City of Charlotte. Together, we’re addressing an important need in our community by helping households with incomes up to 110% of the area median income achieve economic opportunity through homeownership.

Please be advised that reservations for the House Charlotte down payment assistance program are not guaranteed and are issued strictly on a first-come, first-served basis, working in order received. We are able to issue a maximum of 20 reservations per month. Additionally, the availability of down payment assistance is not guaranteed and is subject to funding availability at the time of your request. We strongly encourage you to prepare an alternative financing plan for your home buyer in the event that funding is not secured. It is advisable to consider backup options to ensure your customer's transaction can proceed smoothly.

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House Charlotte offers deferred down payment assistance options for eligible homebuyers purchasing within the City of Charlotte limits.

• These 0% loans can be used for a down payment, closing costs, and/or interest rate buy-down.
• Eligible applicants must be First-Time Homebuyers (per HUD's definition) and, in addition, cannot have ownership interest in any other property, land, or deeded timeshare(s).
• The home must be a primary residence located within the City of Charlotte limits (see mapping application below).
• Maximum purchase price is $365,000 for both new and existing properties.
• Participants must complete pre-purchase homebuyer education and counseling through a HUD-approved financial education and counseling agency (see list below).

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Potential homebuyers participating in the House Charlotte Program have two options for completing their home inspection:

1. House Charlotte Inspection – Buyers may choose to have their inspection completed through the City’s House Charlotte Program, in which one of our inspectors will go out and inspect the property to ensure there are no code violations.
2. Independent Inspection – Buyers may choose to use their own licensed home inspector. However, if they choose this option, they must also have the City’s Minimum Housing Code Inspection checklist completed as a required part of the program.

If a buyer’s chosen home inspector is not willing to complete the City’s required Minimum Housing Code Inspection Form, our internal Inspectors are available to complete the form to ensure compliance with program requirements.

Please make sure realtors and buyers are aware of this process to prevent any delays in closing.

Please reach out to Ron Mason, Program Manager for the House Charlotte Program, with any questions, at ronald.mason@charlottenc.gov.

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