All loan types listed below--conventional, FHA, USDA and VA--are for first-time home buyers or individuals who have not owned a home in three years. FHA loans are insured by the Federal Housing Administration; VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans; USDA loans are guaranteed by the U.S. Department of Agriculture for rural areas; and conventional loans are insured by a private mortgage insurance (pmi) company. This insurance is paid to the lender if the buyer defaults on the loan. Loans are available through participating lenders.

In addition, persons who buy homes in certain targeted census tracts are eligible for these loans, even if they are not first-time home buyers.

To learn more about our loans and down payment assistance, visit our Home Buyer section.

Notice: Rates are subject to change without notification

Without second mortgage from NCHFA

5.99%

6.4738%

5.25%

5.8519%

5.99%

6.2705%

5.99%

6.2845%

With $8,000 second mortgage from NCHFA

5.99%

6.3527%

5.99%

6.5922%

5.99%

6.2705%

5.99%

6.2844%

For Targeted Areas ONLY

5.75 % Note Rate
APRs vary from 5.898 % to 6.208 % depending on loan type

Note: The Agency is able to offer 5.75 % (90 day lock-in period), 30 year fixed rates for all loan types shown above, for properties located in targeted areas. The first-time homebuyer requirement does not have to be met if the borrower's residence is located in a designated targeted area.