CORE CITY HOMEBUYER INCENTIVE PROGRAM HighPointNC.gov/MyCoreCity STRENGTHENING COMMUNITIES THROUGH AFFORDABLE HOUSING #MyCoreCity
Buyers must meet the following guidelines to receive the Core City homebuyer incentive from the City of High Point: ELIGIBILITY REQUIREMENTS - Complete eight hours of pre-purchase homebuyer education (First-time homebuyers only) - Obtain a home loan from a participating lender Detailed list: HighPointNC.gov/MyCoreCity - Purchase a property in the Core City Limits of High Point - Receive post-purchasing counseling. (First-time homebuyers only) “We enjoy having the baseball stadium, farmers market, library, restaurants and shopping centers nearby for things to do on the weekends!” #MyCoreCity incentive recipients - Zack and Arisbett Smith
UP TO $7,500 FOR DOWNPAYMENT & CLOSING COST Program parameters include the following: - Incentive amount is $7,500 - Five-year loan at 0 percent interest and forgiven at 20 percent per year - Property sales price not to exceed $300,000 - No income limits - Property must be located in the Core City #MyCoreCity incentive recipient “Whatagreatopportunityformyfamily. This incentivehelpeduspurchaseahousewhich wehavenowmadeourhome! Thankyou!”
UP TO $10,000 FOR DOWNPAYMENT & CLOSING COSTS Programparametersincludethefollowing: - Incentive amount is $10,000 - Five-year loan at 0 percent interest and forgiven at 20 percent per year - Property sale price not to exceed 95 percent of area median price - No income limits - Property must be the primary residence - Property must be located in the the defined area of Core City Southside For more information on how to obtain the down payment incentive, visit: HighPointNC.gov/MyCoreCity SOUTHSIDE CORE CITY
