Home Builders

The North Carolina Housing Finance Agency offers down payment assistance and competitive rates for first-time and move-up buyers that can widen your market for new home sales. We also provide a 60-day, interest-rate lock period so that you and your buyers don’t need to worry about market fluctuations while the home is being completed.

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  • NC Home Advantage Mortgage™

    Our NC Home Advantage Mortgage™ offers down payment assistance up to 3% of the loan amount! First-time and move-up buyers with incomes up to $126,000 are eligible, and 100% financing is available on certain loan types.
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  • NC Home Advantage Tax Credit

    The NC Home Advantage Tax Credit allows eligible first-time buyers and military veterans who purchase newly built homes to deduct up to 50% of their mortgage interest (up to $2,000) as a federal tax credit each year if they apply and are approved for a Mortgage Credit Certificate prior to their home purchase.
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  • NC 1st Home Advantage Down Payment

    The NC 1st Home Advantage Down Payment provides eligible first-time home buyers and military veterans with $15,000 in down payment assistance.
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Where can I find a complete list of participating lenders?

Participating lenders are available statewide and can be found in our searchable database.

How does my customer get an NC Home Advantage Mortgage™ if there aren’t any preferred loan officers or participating lenders in my county?

Loan Officers and lenders approved to work with the Agnecy can offer loans in any county in North Carolina. Your customer is free to contact multiple lenders and select the one that best fits their needs.

Do your mortgage products have income and sales price limits?

The NC Home Advantage Mortgage™ has an income limit of $126,000 statewide but no sales price limit. However, the home price does need to adhere to any limits dictated by the loan type (FHA, VA, USDA, conventional). 

What is the definition of first-time home buyer?

A first-time home buyer is one who has not owned a home as a primary residence within three years of closing on the home they wish to buy now. That means that they may still own other property (a previous residence they have been unable to sell, for example) as long as they have not lived in it within the last three years. Military veterans are also considered first-time home buyers.

Does my customer have to be a first-time buyer to be eligible for the Agency’s mortgage products?

The NC Home Advantage Mortgage™, with or without down payment assistance is available to both first-time and repeat buyers.