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Fall 2009
Income Limits
FirstHome Mortgage
$8,000 Downpayment Assistance
$4,000 Downpayment Assistance
MCC
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Information for Servicers
Eligibility
Loan servicers must satisfy certain criteria in order to service the loans provided by our FirstHome Mortgage:
- Be an FHA- or VA-approved mortgagee, or an approved seller/servicer for the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac).
- Be authorized to do business in the State of North Carolina.
- Be approved by the North Carolina Housing Finance Agency.
- Have an acceptable net worth of at least $250,000.
- Have in effect a fidelity bond and errors and omissions coverage which meet agency requirements.
In addition to these eligibility requirements, servicers have other duties regarding such things as insurance and record keeping.
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For Your First Home:
3.95%
for a 30-year, fixed-rate mortgage (90-day lock in) without NCHFA downpayment assistance.
More Interest Rates...
What's New @ NCHFA
State Foreclosure Help for Unemployed
If you have recently lost your job, the Home Protection Program may be able to help you keep your home.
Learn More...
Treasury Approves Foreclosure Prevention Plan
NC Affordable Housing Conf., Sept. 16-17
Properties for sale
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