HOME LOANS
NC Home Advantage program
The North Carolina Housing Finance Agency is dedicated to helping North Carolinians obtain affordable access to home ownership. If you’re a first-time or move-up buyer, this program is designed to simplify the homebuying process and make your dream of homeownership a reality.
We are here to help you determine if this program is right for you — and walk with you through this process. Some features and requirements of the NC Home Advantage Program include:
- Must be new or existing property located in NC
- Primary residence only
- Single-family home; townhouse; condo; duplex; new manufactured home2
- $140,00 maximum qualifying income (minimum 640 credit score)
- 30-year term
- Up to 97% financing
- Up to 3% down-payment assistance for qualified borrower
- $15,000 down-payment assistance option for eligible military veterans and first-time buyers
- Private Mortgage Insurance (PMI) required
1Buyer eligibility includes, but is not limited to, the following: Must occupy the home as your principal residence within 60 days of closing. Must not own another home. Annual income doesn’t exceed $140,000. Credit score is 640 or higher. Must be applying for an FHA, USDA, VA, or conventional loan through a participating lender and meet the sales price limits of the loan type. Must be a legal resident of the United States.
2660 credit score required.
Is this loan right for you?
Our Loan Officers will work with you to determine which type of loan best suits your needs and budget.
Let's talk.
Please give us a call at 1.855.275.7226 or fill out the form below, and we’ll be in touch soon to answer your questions and determine the right solutions for you.
