Interest Levels. To find out more about our NC Home Advantage Mortgage
The new york Housing Finance Agency tends to make house ownership affordable for qualified house buyers in North Carolina—whether buying for the time that is first moving up—with competitive financing and forgivable advance payment support. You may also be eligible for the NC Home Advantage Tax Credit, which offers up to $2,000 per year off federal taxes for buyers who apply and are approved for a Mortgage Credit Certificate (MCC) prior to the home purchase if you are a first-time home buyer (someone who hasn’t owned a home as your principal residence in the past three years) or a military veteran.
Borrowers submit an application for the NC Residence Advantage Mortgage™ through our participating lenders and must meet up with the demands associated with specific loan type—Conventional, FHA, VA or USDA—in addition to NC Housing Finance Agency recommendations.
For more information on our NC Home Advantage Mortgage™ and deposit help programs, like the NC 1 st Residence Advantage advance payment, see our Home Buyer area.