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Fall 2009

Income Limits
FirstHome Mortgage
$8,000 Downpayment Assistance
$4,000 Downpayment Assistance
MCC

What We Offer

The North Carolina Housing Finance Agency provides mortgages at interest rates that are competitive with market rates to first-time home buyers. By partnering with us, you may be able to:

• Increase your business by making loans to North Carolinians whose finances have kept them out of the market.
• Meet requirements of the Community Reinvestment Act.
• Earn fees for the mortgages you originate.

We sell tax-exempt Mortgage Revenue Bonds (MRBs) to investors and use the funds to finance low-cost mortgages for first-time home buyers.

By using our programs, you may be able to offer first-time home buyers:

• 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 April 2010.

Our programs
Services for lenders