Building Wealth Through Home Ownership
Help is available to make your path to home ownership smoother.
June is Home Ownership Month, a time to celebrate the dream of owning a home and to help more people achieve it.
Each June real estate agents, loan officers, housing counselors, nonprofits, and many others work to provide first-time buyers with the tools and support they need. This month, the North Carolina Housing Finance Agency shares several resources to help you take the next step toward making home a reality.
The NC Home Advantage Mortgage™ offers down payment assistance—up to 3% of the loan amount—for first-time home buyers. This mortgage option comes with competitive rates and a statewide network of participating lenders. Learn more about the NC Home Advantage Mortgage at www.nchfa.com/home-buyers/buy-home/nc-home-advantage-mortgage.
First-time home buyers and military veterans who qualify for the NC Home Advantage Mortgage could get an extra boost with the NC 1st Home Advantage Down Payment, which offers $15,000 in down payment assistance. Learn more at www.nchfa.com/home-buyers/home-buyer-mortgage-products/nc-1st-home-advantage-down-payment.
Community Home-Buying Programs
The Community Partners Loan Pool offers up to 25% down payment assistance or a maximum loan of $50,000 (whichever is less) for eligible low- and moderate-income home buyers. Assistance is provided as a zero-interest loan that must be combined with the NC Home Advantage Mortgage or a USDA Section 502 Direct loan. Visit www.nchfa.com/home-buyers/community-home-buying-programs to learn more.
The Self-Help Loan Pool works with participating Habitat for Humanity affiliates to provide zero-interest, shared mortgage financing to help eligible low- and moderate-income buyers purchase a Habitat home. Eligible buyers must participate in the construction or rehab of the home they are purchasing, as well as meet other requirements. Details are available at the Community Home Buying Programs website, www.nchfa.com/home-buyers/community-home-buying-programs.
The NC Housing Finance Agency is committed to providing safe, affordable housing opportunities to enhance the quality of life of North Carolinians. The agency has helped thousands of home buyers, and will continue to provide resources for new homeowners across NC.
For more tools and resources to assist you on your home buying journey visit the North Carolina Housing Finance Agency website. Helpful features include a mortgage calculator, affordability calculator, and a handy Guide to Home Ownership.
Begin your journey to homeownership at www.nchfa.com.
