Buying your first home is one of the most exciting milestones in life. For many individuals and families in High Point, NC, the dream of owning a home may feel overwhelming due to rising housing costs, navigating mortgage options, and understanding which financial assistance programs are available. Fortunately, with the right guidance, the process becomes much smoother.

At The Don Owens Mortgage Team, we specialize in helping first-time buyers find the perfect financing solutions. From tailored first-time homebuyer programs services in High Point, NC to step-by-step support, our mission is to make your transition into homeownership stress-free and rewarding.

In this article, we’ll break down everything you need to know about first-time homebuyer programs, eligibility requirements, and how our team can help you secure the best mortgage for your new home in High Point.

Why First-Time Homebuyer Programs Matter in High Point, NC

High Point, often called the “Furniture Capital of the World,” is an attractive location for new homeowners. The city offers a balance of affordability, southern charm, and community-focused living. However, with demand growing, affordability can still be a challenge for many buyers entering the housing market for the first time.

That’s where first-time homebuyer programs services make a real difference. These programs:

  • Lower barriers to entry with down payment assistance.

  • Provide favorable interest rates compared to standard loan products.

  • Offer educational resources so buyers understand the process.

  • Open doors for individuals with limited savings or moderate credit.

For first-time buyers in High Point, accessing these resources can mean the difference between renting for years or becoming a proud homeowner now.

Key First-Time Homebuyer Programs Available in North Carolina

If you’re searching for your dream home in High Point, NC, you’ll be pleased to know that several statewide and national programs are designed to support first-time homebuyers. Below are some of the most popular:

1. North Carolina Housing Finance Agency (NCHFA) Programs

The NCHFA offers several financing options for qualified buyers, including:

  • NC Home Advantage Mortgage™: Provides down payment assistance up to 3% of the loan amount.

  • NC 1st Home Advantage Down Payment: Offers $15,000 in down payment assistance exclusively for first-time buyers and veterans.

  • NC Home Advantage Tax Credit: A Mortgage Credit Certificate (MCC) that reduces federal taxes by allowing a tax credit for a portion of mortgage interest paid annually.

2. FHA Loans

The Federal Housing Administration offers loans with:

  • Down payments as low as 3.5%.

  • Flexible credit score requirements.
    This makes FHA loans one of the most common options for new buyers in High Point.

3. USDA Loans

High Point has areas that may qualify for USDA Rural Development Loans. These loans:

  • Require no down payment.

  • Offer low interest rates.

  • Are perfect for buyers looking just outside the main city area.

4. VA Loans

For veterans or active-duty military members in High Point, VA loans are an incredible benefit:

  • No down payment required.

  • No private mortgage insurance (PMI).

  • Competitive interest rates.

5. Conventional 97 Loan

This program allows first-time homebuyers to purchase with just 3% down, providing flexibility for those who don’t qualify for FHA but still want a low-down-payment option.

Benefits of Using The Don Owens Mortgage Team in High Point, NC

While programs and loans are essential, navigating them alone can be confusing. That’s where The Don Owens Mortgage Team comes in. We don’t just provide access to these programs—we simplify the process for you.

Here’s why first-time buyers in High Point choose us:

  • Personalized Guidance: We analyze your financial situation and match you with the best program.

  • Local Expertise: As a team rooted in High Point, we understand the local housing market and available incentives.

  • Simplified Process: From pre-qualification to closing, we walk you through every step.

  • Trusted Partnerships: We work with real estate agents, lenders, and program administrators to ensure you get the best deal possible.

The Step-by-Step Process for First-Time Buyers in High Point

If you’re considering homeownership, here’s how the process typically unfolds with The Don Owens Mortgage Team by your side:

Step 1: Initial Consultation

We begin with a one-on-one consultation to understand your goals, budget, and timeline.

Step 2: Pre-Qualification

Next, we review your credit, income, and financial situation to determine how much you can afford. This step is crucial before starting your home search.

Step 3: Program Matching

We evaluate all first-time homebuyer programs services in High Point, NC and determine which ones best suit your unique needs.

Step 4: Home Search & Offer

Once you’re pre-approved, you can confidently shop for homes knowing your financing is in order.

Step 5: Loan Application & Processing

Our team ensures your paperwork is submitted accurately and on time.

Step 6: Closing & Move-In

Finally, we guide you through the closing process so you can officially receive the keys to your new home.

Tips for First-Time Buyers in High Point, NC

Beyond programs and financing, here are some practical tips that can help first-time buyers succeed:

  1. Check Your Credit Score Early: A higher score could unlock better rates.

  2. Save for Extra Costs: Beyond your down payment, budget for inspections, appraisals, and closing costs.

  3. Don’t Max Out Your Budget: Buy within your means to avoid financial stress later.

  4. Work With Local Experts: Choosing a mortgage team that understands High Point’s market ensures a smoother process.

  5. Take Advantage of Education Programs: Many assistance programs require or recommend homebuyer education courses—these are valuable learning tools.

Why High Point, NC is Perfect for First-Time Buyers

High Point is not just affordable compared to larger metro areas in North Carolina—it also offers:

  • Diverse Housing Options: From single-family homes to townhouses and condos.

  • Strong Job Market: With industries in manufacturing, furniture, healthcare, and education.

  • Community Lifestyle: Family-friendly neighborhoods, schools, and parks.

  • Accessibility: Conveniently located near Greensboro and Winston-Salem, making commuting easy.

This combination makes High Point an ideal city for buyers ready to plant roots.

How The Don Owens Mortgage Team Stands Apart

What truly sets The Don Owens Mortgage Team apart is our commitment to client success. Unlike larger institutions, we offer:

  • One-on-One Attention: You’re not just another application number.

  • Clear Communication: We ensure you understand every step in plain language.

  • Proven Experience: With years of helping local families achieve their dreams, our track record speaks for itself.

Conclusion: Your Path to Homeownership Starts Here

Becoming a homeowner in High Point, NC doesn’t have to be complicated. With the right programs, support, and expert guidance, you can confidently step into the housing market and secure a home that fits your needs and lifestyle.

At The Don Owens Mortgage Team, our mission is to provide the best first-time homebuyer programs services in High Point, NC so you can achieve your dream of homeownership without unnecessary stress. Whether you’re curious about down payment assistance, FHA loans, or VA benefits, our team is ready to guide you from start to finish.

Ready to take the first step? Contact The Don Owens Mortgage Team today and let’s make your first home purchase a smooth and successful experience.