Lenders & Servicers

- What we offer

- Income and sales price limits

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- Information for servicers

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- Frequently asked questions

- Fair housing

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Lender Tip Sheet
Lender Tip Sheet

Memos
Recapture Tax Reimbursement Provision

Income Limits
FirstHome Mortgage
$8,000 Downpayment Assistance
MCC

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 $1 million.
• 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.