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First Time Home Buyers in North Carolina

First time home buyers in North Carolina benefit from NCHFA. The North Carolina Housing Finance Agency is a program that helps first time buyers that need assistance in buying (or keeping) a North Carolina home. I know, because several of my clients have benefited from this wonderful program.

Offering service to those with modest incomes, the NCHFA’s HomeFirst mortgages have helped many NC residents to own their piece of the American dream. If you are a first time home buyer in North Carolina, with moderate income and decent credit, you may be eligible for the various programs offered by the NCHFA.

NCHFA offers mortgages at below market interest rates with its FirstHome product. Its Mortgage Credit Certificate is a tax credit for up to 20% of mortgage interest paid for a specified period of time. (One of my clients will get an $1800 tax credit yearly for the life of their mortgage!) The DAP Down Payment Assistance is an interest-free, deferred second mortgage that can pay down payment and closing costs. Amounts vary. I’ve seen $8000 and $4000!

There are preferred lenders throughout the state of North Carolina that work with the NCHFA. These individuals will guide you through the financial side of the process, from application to closing. They’ll help you get the needed documentation for qualifying and work with the NCHFA while your mortgage is finalized. I have a great working relationship with some of the preferred lenders, and would love to put you in touch with someone who can help you.

If you’re a first time home buyer in North Carolina, give me a call today, and let’s get you into a house that you can call home!