Down-payment Assistance Program guidelines have been updated


The Unifour Consortium Down-payment assistance program has been increased to 20% of the purchase price, capping at $30,000 to eligible first time homebuyers.


But because the program will have much more financial exposure, additional underwriting requirements will be imposed. A Minimum Credit Score of 620 will be required. Front End Ratios may not be more than 30%, Back End Ratios may not be more than 38%, and if Monthly Private Mortgage Insurance Premiums are required, then they may not be more than $30. Simply think (30/38/$30). Current rent amounts and debt, along with Credit Score will be taken into account.


Interest Rates and Fees must be attractive and reasonable for the goal of providing affordable housing. Any deviation above the 30/38/$30 will require a 700 or better Credit Score for further consideration.


Clients must be within the income guidelines, have $500 going towards the purchase of the home, and be able to obtain a loan from a participating lender.



1 Person   2 Persons   3 Persons   4 Persons   5 Persons   6 Persons   7 Persons   8 Persons

$33,350    $38,100     $42,850      $47,600      $51,450    $55,250      $59,050     $62,850


Maximum Existing Home Purchase Price cannot be more than $157,000 in Alexander, Burke, and Caldwell Counties.


Maximum Existing Home Purchase Price cannot be more than $161,000 in Catawba County.


Maximum New Construction Home Purchase Price is $238,000 for all four counties


Please contact Rick Oxford at 828-485-4245 or Jennifer Cannon at 828-485-4250 for more information.

Assistance Program

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How does an applicant apply for Homebuyer Assistance?

For more information about applying for the First Time Home Buyer Assistance Program applicants may contact:


Rick Oxford

Community Development Administrator
Phone (828) 485-4245
FAX (828) 322-5991

The Western Piedmont Council of Governments shall serve all local government members in Alexander, Burke, Caldwell and Catawba Counties with professional, cost-effective assistance on a variety of local, regional, state and federal issues and programs.

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Telephone: ​828.322.9191

Fax: 828.322.5991

Mailing: P.O. Box 9026 | Hickory, NC 28603
Location: 1880 2nd Avenue NW
Hickory, NC 28601

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