Lenders & Servicers

- What we offer

- Income and sales price limits

- Training

- Top producers

- Mortgage Production Awards

 2006 Awards

- How to become a participating lender

- Loan process

- Housing counseling resources

- Information for servicers

- Manuals, forms & affidavits

Home Builders

Real Estate Agents

Resources

Online Lender Services

Marketing Brochures

Order Supplies

Income Limits
First-Time Home Buyer
Down Payment Assistance
MCC

How to Become a Participating Lender

If you’ve come to this page, you’re on track to help fellow North Carolinians attain the dream of owning a home.

It isn’t difficult to become a participating lender. You just need to meet these requirements:

• Be approved as an FHA mortgage originator (if originating FHA loans); approved as a VA mortgage originator (if originating VA loans); approved as a USDA mortgage originator (if originating USDA loans); or approved as a Fannie Mae or Freddie Mac seller/servicer in good standing (if originating conventional loans).
• Have an office in North Carolina that has originated mortgages for at least one year.
• Originate, process, underwrite, close, and fund the loan.
• Be in compliance with federal banking laws concerning minimum capital requirements.
• Have not violated federal banking regulations and thus not be undergoing enforcement proceedings of federal regulators.
• Have a net company asset worth of at least $250,000.
• Execute a Master Mortgage Loan Origination and Sale Agreement with the North Carolina Housing Finance Agency.
• Complete a lender training session with Agency staff.

You’ll also need to sign an agreement. We’ll respond to your application within 10 business days.

We have two homeownership programs: the FirstHome Mortgage (also known as the Mortgage Revenue Bond or MRB mortgage) and the Mortgage Credit Certificate (MCC). Each program has a guide that details the requirements for lenders:

Mortgage Revenue Bond (MRB) Originator's Guide, Section 4: Participating Lenders
Mortgage Credit Certificate (MCC) Program Originator's Guide, Section 4: Participating Lenders

To apply to become a participating lender, contact Cle Newsom at cnewsom@nchfa.com or (919) 877-5674 for an application package.

You also have the option of filling out our online form and sending it in to us.