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Real Estate Agents

By working with the North Carolina Housing Finance Agency, real estate agents throughout the state can provide their clients with affordable financing options for purchasing a home. We offer a variety of mortgage products that open new doors for home buyers whose finances have kept them out of the market. Earn CE toward your license and become a preferred real estate agent by taking one of our Financing Dreams classes. We also offer informational brochures and access to our participating lenders to help you and your buyers get started.

Discover Our Products

We offer down payment assistance and competitive rates through our NC Home Advantage Mortgage™ and a federal tax credit through Mortgage Credit Certificates.

  • NC Home Advantage Mortgage™

    The NC Home Advantage Mortgage™ provides eligible home buyers with down payment assistance up to 5% of the loan amount, competitive interest rates and up to 100% financing on FHA, USDA and VA loans.

  • Mortgage Credit Certificate (MCC)

    A Mortgage Credit Certificate (MCC) could mean more money for your first-time buyers (and eligible military veterans) by reducing their federal income tax liability by up to $2,000 per year.

  • Q:

    Why does my seller have to complete the Seller Affidavit for the buyer to get help from the Agency?

    A:

    The Seller Affidavit is required by the IRS for any Mortgage Credit Certificate (MCC) assisted loan.  If the form is not completed as required, the buyer is not eligible for the MCC and may not qualify to purchase the property.

  • Q:

    If my customer has owned his building lot for more than 2 years, does it have to be considered in Acquisition Cost for the Mortgage Credit Certificate?

    A:

    No, if new construction, the contract price should include the construction cost, excluding the value of any labor form the borrower and/or the borrower’s family, plus the value of the land. The appraised value of the land should be used if the land was a gift.  If the land has been owned by the borrower for more than two years before construction begins, the cost of the land is not included.  If the land has been owned for less than two years, include the actual cost of the land to calculate acquisition cost.

  • Q:

    How does the Mortgage Credit Certificate help my customer?

    A:

    If the borrower qualifies for the maximum credit allowed of $2,000 a year then they may save as much as $166 a month in federal taxes.  They can access that money every time they are paid by amending their W-4 withholding allowance with their employer. Lower taxes taken from their paycheck means the borrower has more take home pay and that money can be used to make their new house payment.  It also may help them qualify to buy more house—the lender may take the amount of credit into consideration when qualifying the borrower, resulting in eligibility for a higher purchase price.  

  • Q:

    How much money will my customer need if they use your down payment assistance (DPA)?

    A:

    That depends on the loan type and seller contribution. The NC Home Advantage Mortgage™ offers 3% to 5% down payment help for conventional, FHA, VA and USDA financing.  Our maximum Loan-to-Value conventional loan is 97%, so with DPA of 3% of the loan amount, your borrower would need very little of their own money.  On a sales price of $100,000, they would need about $90, which can come from their own funds, a gift, or another DPA source. In addition, the seller is allowed to contribute the maximum the loan program will allow.

  • Q:

    Are there any exceptions to the first-time home buyer rule?

    A:

    Yes. Military veterans have a one-time exemption from the requirement, and borrowers who own a mobile home that is not on a permanent foundation are also eligible. In addition, borrowers purchasing in a Targeted Census Tract do not have to be first-time buyers. All borrowers must still meet other eligibility requirements.