At Uwharrie Bank, we’re passionate about helping people in our community become homeowners. Whether you're buying your first home or just exploring your options, we offer a variety of affordable housing programs tailored to fit your needs. Even if you're not sure you're ready to buy, our Mortgage Loan Officers are here to guide you — offering education, support, and a clear path toward homeownership. No matter where you’re starting, we have solutions that can help make your dream of owning a home a reality.

Down Payment and Closing Cost Assistance Programs

There are many local and state agencies, as well as nonprofit organizations, that offer down payment and closing cost assistance to eligible homebuyers. Our mortgage loan experts can help identify which programs you may qualify for and guide you through the process. These resources are designed to make buying a home more affordable, especially for first-time buyers.

Homebuyer Education

Homebuyer education plays an important role in helping you prepare for successful homeownership. Many of the programs we offer require this education, as it helps you understand what you can afford based on your income and expenses. These classes walk you through the home buying process — from applying for a loan to closing on your home. They also cover key topics like managing your money and credit, preparing for homeownership, and avoiding foreclosure. Whether it’s your first home or not, homebuyer education can be a valuable tool for any borrower.

Employer-Assisted Housing Programs

Some employers offer financial assistance to help their employees with down payments and closing costs. In some cases, this assistance is provided as a grant that does not need to be repaid. Other programs may require repayment over a set period. These programs are created and managed by the employer, and the details can vary depending on the company. If your employer offers this type of benefit, it may be a helpful resource as you plan to buy a home.

Affordable Housing Mortgage Solutions

We offer a fixed-rate loan option designed for moderate-income borrowers that features a competitive interest rate and a down payment as low as 3%. This program is one way we help make homeownership more affordable. To learn more, reach out to an Uwharrie Bank Mortgage Loan Officer.

In addition to low down payment options, you may also qualify for down payment assistnace or help with closing costs. Our mortgage Loan Officers can walk you through what's available and what may apply to your situation.

 

3% Down Payment Assistance – North and South Carolina

Both first-time and move-up homebuyers may be eligible for programs that offer fixed-rate mortgages with down payment assistance of up to 3% of the loan amount.

 

First-Time Homebuyer Down Payment Assistance – North & South Carolina

If you're a qualified first-time homebuyer, you may be eligible for financial assistance to help with your down payment and closing costs:

North Carolina - Up to $15,000 in assistance

South Carolina - Up to $8,000 in assistance

 

Additional down payment assistance (DPA) programs may be available. Contact Uwharrie Bank Loan Officer to learn more.

 

Mortgage Loan Programs

Buying a home is a big investment in your family's future. Uwharrie Bank Mortgage is here to make it the best experience possible. Whether you're purchasing new property, refinancing, buying an investment or vacation home, Uwharrie has a financing plan that will get it done.

Fixed Rate Mortgage

A traditional loan with an interest rate that stays the same for the entire term of the loan.

Adjustable Rate Mortgage

This loan offers a lower introductory interest rate that adjusts after the initial period.