Introduction: Opening the Door to Homeownership in High Point, NC

Buying your first home is a major milestone in life—a step toward financial independence, stability, and building long-term wealth. For many in High Point, NC, the journey to homeownership can feel overwhelming with questions about financing, down payments, credit scores, and available assistance. That’s where First-Time Homebuyer Programs Services in High Point, NC, offered by The Don Owens Mortgage Team, can make all the difference.

Our mission is to simplify the mortgage process and connect you with programs designed specifically for first-time buyers. From state-level assistance to local grants and flexible mortgage options, we provide tailored solutions that fit your unique financial situation.

Understanding First-Time Homebuyer Programs

First-Time Homebuyer Programs are designed to make purchasing a home more affordable and accessible for individuals who have never owned a home—or who haven’t owned property in the past three years. These programs often include:

  • Down Payment Assistance (DPA): Grants or forgivable loans to cover part of the down payment.

  • Closing Cost Assistance: Help with the upfront fees of buying a home.

  • Reduced Interest Rates: Special mortgage products with competitive rates.

  • Flexible Credit Requirements: Options for buyers with less-than-perfect credit.

At The Don Owens Mortgage Team, we specialize in guiding buyers through the eligibility criteria and paperwork so you can maximize your benefits.

Why High Point, NC is the Perfect Place to Buy Your First Home

High Point, part of North Carolina’s Triad region, is known as the “Furniture Capital of the World,” but it’s also one of the most attractive places for first-time homeowners. Here’s why:

  1. Affordable Housing Market – Compared to other North Carolina cities, High Point offers more affordable home prices, giving first-time buyers a chance to enter the market without being priced out.

  2. Strong Community and Schools – With family-friendly neighborhoods, parks, and quality schools, it’s a great place to plant roots.

  3. Growing Job Market – Opportunities in manufacturing, healthcare, education, and logistics make it a promising location for young professionals.

  4. Convenient Location – Easy access to Greensboro, Winston-Salem, and Charlotte expands career and lifestyle options.

When paired with First-Time Homebuyer Programs Services in High Point, NC, your path to owning a home here becomes even more achievable.

Types of First-Time Homebuyer Programs Available in High Point, NC

At The Don Owens Mortgage Team, we connect you with the right resources and help you determine which programs you qualify for. Here are the most common options available:

1. North Carolina Housing Finance Agency (NCHFA) Programs

  • NC Home Advantage Mortgage™ – Offers up to 3% of the loan amount as down payment assistance for eligible buyers.

  • NC 1st Home Advantage Down Payment – Provides up to $15,000 in down payment assistance for first-time buyers or military veterans.

  • NC Home Advantage Tax Credit – Eligible buyers can claim a federal tax credit up to 30% of mortgage interest paid annually.

2. USDA Loans

For buyers in rural and suburban areas near High Point, USDA loans offer 100% financing, meaning no down payment is required.

3. FHA Loans

Federal Housing Administration loans are a great option for buyers with lower credit scores. With just a 3.5% down payment, FHA loans make homeownership more accessible.

4. VA Loans

Available for eligible veterans, active-duty service members, and their families, VA loans provide zero-down financing and favorable terms.

5. Local Grants and City Programs

The City of High Point occasionally offers housing initiatives and down payment grants aimed at supporting first-time buyers. Our team stays updated on these opportunities to ensure you don’t miss out.

How The Don Owens Mortgage Team Supports First-Time Buyers

Buying your first home isn’t just about securing a mortgage—it’s about having a trusted partner who will guide you through every step. Here’s how The Don Owens Mortgage Team makes the process easier:

  • Personalized Consultation – We review your financial goals, credit history, and budget to recommend the best mortgage program.

  • Program Matching – We identify which First-Time Homebuyer Programs Services in High Point, NC you qualify for and help with applications.

  • Education and Guidance – From explaining terms like “escrow” and “PMI” to outlining long-term costs, we make sure you understand the process.

  • Pre-Approval Support – We get you pre-approved, so you know your buying power before you start house hunting.

  • Smooth Closing Process – We coordinate with realtors, appraisers, and underwriters to ensure your closing goes as planned.

Step-by-Step Guide: How to Start Your First Home Purchase in High Point

Here’s a simple roadmap we follow with first-time homebuyers:

  1. Initial Consultation – Sit down with our team to discuss your goals and financial situation.

  2. Mortgage Pre-Approval – Get an estimate of how much you can afford.

  3. Explore Programs – We identify eligible programs like NC Home Advantage or FHA loans.

  4. House Hunting – Work with a real estate agent to find your ideal home in High Point.

  5. Submit an Offer – Once accepted, we move into the underwriting and final approval process.

  6. Closing Day – Sign the papers, get the keys, and move into your first home!

Common Challenges for First-Time Buyers—and How We Solve Them

  1. Struggling with a Down Payment – We connect you to grants and assistance programs.

  2. Credit Concerns – We provide strategies to improve credit and connect you with FHA options.

  3. Overwhelmed by Paperwork – Our team breaks down the process step by step.

  4. Fear of Rejection – Pre-approval and expert guidance give you confidence in your buying power.

At The Don Owens Mortgage Team, we believe no challenge should stand between you and your first home.

Success Stories: Real Buyers in High Point

Many of our clients once thought homeownership was out of reach—until they partnered with us. For example:

  • A young couple qualified for the NC 1st Home Advantage Down Payment program and received $15,000 toward their new home in High Point.

  • A recent college graduate used an FHA loan with just 3.5% down and secured a starter home close to their new job.

  • A military family utilized a VA loan to purchase a spacious home with no down payment required.

These stories show that with the right support, homeownership is possible for anyone.

Why Choose The Don Owens Mortgage Team?

When it comes to First-Time Homebuyer Programs Services in High Point, NC, here’s why we’re trusted by so many:

  • Local Expertise – We know the High Point housing market inside and out.

  • Proven Experience – Years of helping first-time buyers navigate mortgage programs successfully.

  • Personalized Service – We treat every client like family, not just a number.

  • Full Transparency – Clear communication at every step of the process.

  • Commitment to Your Success – Your dream of owning a home is our mission.

Conclusion: Take the First Step Toward Your Dream Home

Owning a home in High Point, NC doesn’t have to feel out of reach. With First-Time Homebuyer Programs Services in High Point, NC and the expert guidance of The Don Owens Mortgage Team, your dream of homeownership can become reality sooner than you think.