North Carolina First-Time Home Buyer Programs of 2023

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Good news for first-time home buyers and repeat buyers in North Carolina: The state offers a loan program that comes with down payment assistance.
The North Carolina Housing Finance Agency (NCHFA) has a program called NC Home Advantage Mortgage, which combines affordable, fixed-rate loans with down payment assistance. Even better: Borrowers may not have to pay back the down payment help if they own the home long enough.
NCHFA highlights and eligibility requirements
If you live in North Carolina, NCHFA programs offer unique benefits that could help you buy a house sooner.
Highlights
Available for credit scores as low as 640.
Get up to 3% down payment assistance.
Choose among conventional, FHA, VA or USDA mortgages from NCHFA participating lenders.
Depending on loan type, buy a house, townhouse, condominium, duplex or new manufactured home.
Sales price limits depend on loan type.
Mortgage insurance will be required when a down payment is less than 20%.
Eligibility
Must not exceed income limits.
Home buyer education may be required.
Must plan to use the home as primary residence.
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