First Time Buyer Charlotte | 2026 Update | The Peters Team | Charlotte Real Estate

Q: How much do I need for a down payment in Charlotte?

As little as 0% with VA or USDA loans, 3% with conventional, or 3.5% with FHA. NC down payment assistance programs can cover most or all of this amount.

Q: What salary do I need to buy a home in Charlotte?

For a median-priced home ($425K), you'd generally need a household income of $90,000–$110,000, depending on debt levels and down payment. Homes under $350K are accessible at $70K–$85K household income.

Q: What are closing costs in Charlotte NC?

Typically 2–4% of the purchase price. On a $350,000 home, expect $7,000–$14,000 in closing costs, though seller concessions can offset a portion.

The Peters Team

First Time Buyer Charlotte | 2026 Update

Read our guide on first time buyer charlotte. Charlotte NC real estate insights from The Peters Team.