Get 3% of the Loan Amount From The Government To Buy A House in North Carolina!
NC has a great First Time Home Buyer Program available, and the BEST news is… You DON’T have to be a First Time Home Buyer!
The Program is specifically focused upon homebuyers who have not owned a personal residence for the past 3 years! We offer NC Affordable Housing programs and YOU could take advantage of these great benefits!
* 3% in down-payment Assistance!
* New $15,000 in down payment Assistance is also available on all loan types!
There’s a $15,000 Down Payment Assistance Program!!
* The Ability To Purchase a Home with a Credit Score LOWER than 660!
* Mortgage Tax Credit / MCC
This is a FORGIVABLE Loan that has no monthly payments, no interest accrued, and is available from the State of North Carolina!
NC Affordable Housing Loans also offer Mortgage Tax Credits! That’s right, in 2023 there are still Mortgage Tax Credits Available, helping you keep more of your paycheck, and pay fewer taxes!
How To Apply For A First Time Home Buyer DPAs
The maximum income limit for the NC 3% Down Payment Program in 2023 is $110,000 for a family of 2 in Raleigh, NC. It varies based upo the area you live in and hte number of people in the Household / Family Income is considered. This is not household income, this is the maximum income for the folks who are applying for the mortgage. The maximum income for the Mortgage Tax Credit (MCC) varies based upon the number of people in your household, and the County you are planning to buy a house in (read: they calculate this a little differently). The maximum sales price for the Mortgage Tax Credit is $385,000.
WITHOUT using NC Housing Finance Money – you will need NO down payment for a USDA home loan. The property must be within the USDA “Footprint” and you must meet income limits which are HIGHER than the ones mentioned for NC Housing. You will need a middle credit score above 620.
If you want more information on qualifying for this program to buy a home in North Carolina with no money down, CALL US 919-649-5058, apply with the Green Button on the right, or complete the form below and we’ll be back with you shortly!