NC home buyers who qualify for government backed loans like FHA, VA and USDA can now likely also qualify for financial help with their down payment. A new program sponsored by The NC Housing Finance Agency (a self-supporting state agency) provides down payment help up to 3% of the value of the home being purchased. Have you heard anyone saying lately that they would love to buy a home but they can’t afford the down payment? This program could be the answer they have been looking for. This program helps qualified buyers purchase a home using an FHA loan and pay only 0.5% down instead of the normal 3.5% down. For a $150,000 home, this saves the buyer $4500 in down payment expenses and the program is streamlined to ensure it does not cause delays in closing.
To learn more you can click here to view the NC Housing Finance Agency web site. I’m also happy to answer questions and put potential home buyers in touch with local home loan professionals approved to use this program. I can be reached at 336-298-2026 or by using the form below: