Home Buyers

- What we offer

- Can I qualify?

- Am I eligible?

- Income and sales price limits

- Not a first-time home buyer?

- Participating lenders

Preferred Loan Officers

- How do I begin?

- Preferred Real Estate Professionals

- Navigating the loan process

- What if I sell my house?

- Tips for home buyers

- Housing counseling resources

- Avoiding predatory lending

- What happens after closing?

Homeowners

Renters

Resources

Calculators
Mortgage Calculator
How Much Can I Afford

Housing Locators
Affordable Apartments
Housing Resources

Income Limits
FirstHome Mortgage
Down Payment Assistance
MCC

Order program brochures

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Am I Eligible?

You may be eligible for a FirstHome Mortgage if:

• You are a first-time home buyer or have not owned a principal residence during the past three years. Even if you are not a first-time buyer, you may be able to use the FirstHome Mortgage if you are buying in an area designated as economically distressed.


• You buy a home in North Carolina and occupy it within 60 days of closing.


• Your annual household income does not exceed the allowed limits.


• The home’s sale price does not exceed maximum allowed limits. The allowable sales price varies depending on local housing costs and whether you buy a new or existing home.


• You must be able to prove legal residency. United States citizenship is not required for eligibility. The N.C. Housing Finance Agency will offer loans to eligible persons who are U.S. citizens or non-citizens who have lawful permanent residency in the United States . Non-citizens who cannot demonstrate legal residency are not eligible for Agency mortgages.

Most types of homes qualify for the FirstHome Mortgage or the MCC. Eligible properties include:

• New and previously owned detached homes
• Townhouses and Planned Unit Developments
• Condominiums
• New doublewide manufactured homes on permanent foundations, purchased through land-home transactions.
• Existing manufactured homes on permanent foundations, purchased through land-home transactions. (These qualify for the MCC tax credit only.)