Home Builders

The North Carolina Housing Finance Agency provides assistance for first-time home buyers with moderate and lower incomes. Through our low-cost financing, builders may be able to find a wider market for their new homes.

We offer:

• Competitive rates, sometimes one-half to one percentage point below market, on 30-year fixed-rate loans.
• 100% financing on VA and USDA loans; FHA and conventional loans with 3.5% down.
• Downpayment/closing cost assistance up to $8,000 for buyers with lower incomes.
• Mortgage Credit Certificates (MCCs) that can reduce homeowners’ tax liability by as much as $2,000 per year. The MCC can be combined with the new $8,000 federal tax credit if you are eligible until that credit expires in December 2009.

There are no new processes to learn, because the basic steps for our loans are the same as for any other conventional, FHA, VA, and USDA loan. By educating your potential customers on the options available to them through the North Carolina Housing Finance Agency, you may be able to get more first-time buyers into your eligible homes.

In addition, our QuickClose feature helps speed up the loan process.