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As an added bonus, if you are a first-time buyer or a military veteran, you may also be eligible to combine the NC Home Advantage Mortgage™ with the NC Home Advantage Tax Credit which could save you up to $2,000 per year on your federal taxes if you apply and are approved for a Mortgage Credit Certificate by the NC Housing Finance Agency prior to your home purchase.
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If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage™, you may be eligible for $15,000 in down payment assistance with the NC 1 st Home Advantage Down Payment. Similar to the other down payment assistance options available with the NC Home Advantage Mortgage™, this down payment help is a 0% ...
- Down Payment Assistance in North Carolina
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The North Carolina Housing Finance Agency has assisted thousands of North Carolinians in purchasing homes with an array of financing options that make buying a new home affordable. Our NC Home Advantage Mortgage™offers down payment assistance up to 3% of the loan amount that can help first-time and move-up buyers get into a new home.
First-time buyers (those who have not owned a home as their principal residence in the past three years) and military veterans may be eligible for other products as well. The NC 1st Home Advantage Down Payment offers $15,000 in down payment help that may provide a better boost for new buyers than the other down payment options available with the NC...
We also work with local nonprofits and government agency to offer down payment assistance through our community home buying programs. If you are buying a home and your income is below 80% of your county’s median income, you may be eligible for up to 25% of the sales price in down payment help (maximum loan of $50,000) through our Community Partners...
As a public agency with a mission to create housing opportunities for North Carolinians, we have helped more than 133,420 home buyers. Whether you are a first-time home buyer or a current homeowner looking to move up, we may be able to help you, too!
An NC Home Advantage Mortgage can be combined with either the NC 1st Home Advantage Down Payment or NC Home Advantage Tax Credit, but not both. Assistance type: Deferred 0% loan, forgivable by 20% per year at the end of years 11-15, 100% forgivable at the end of 15 years. Sponsor: North Carolina Housing Finance Agency
First-time buyers and military veterans may be eligible for the NC Home Advantage Tax Credit, which saves up to $2,000 in federal taxes each year for buyers who apply and are approved for a Mortgage Credit Certificate prior to their home purchase. (This can be combined with the NC Home Advantage Mortgage™ but not the NC 1st Home Advantage Down Payment.)
Sep 10, 2019 · The NC Home Advantage Mortgage program provides both first-time and repeat homebuyers with stable, fixed-rate mortgages and down payment assistance up to 5% of the loan amount. As an added bonus, if you are a first-time homebuyer or military veteran, you may also be able to combine the NC Home Advantage Mortgage with the NC Home Advantage Tax Credit.
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Do you qualify for the NC home advantage tax credit?
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Who is eligible for NC 1st home advantage down payment assistance?
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How do I buy a home in North Carolina?
The NC Home Advantage Tax Credit could save you up to $2,000 a year on your federal taxes with a Mortgage Credit Certificate (MCC). You must be approved for the MCC by our Agency prior to purchasing the home. This benefit can be combined with an NC Home Advantage Mortgage™ but not with the NC 1st Home Advantage Down Payment. NC Home Advantage ...
