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Our nc home advantage mortgage offers down payment assistance up to 5 percent of the loan amount that can help first time and move up buyers get into a new home.
First time home buyer nc. If you are a first time home buyer or military veteran and qualify for an nc home advantage mortgage you may be eligible for 8 000 in down payment assistance with the nc 1 st home advantage down payment. 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. Ideal for first time home buyers low 3 5 down payment requirements favorable credit score requirement of 580 fha loans are the 1 loan type in america with 11 41 of all single family residential mortgage originations and 1 market share for first time home buyers at 82 84.
One first time home buyer grant provides you with 3 that can be used for closing costs or a down payment on a conventional loan or a fha loan. Locate contact information for state agencies employees hotlines local offices and more. In north carolina there are three different first time home buyer grants available.
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