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NC Home Advantage Mortgage™

The NC Home Advantage Mortgage™ provides eligible home buyers with competitive interest rates and down payment assistance up to 5% of the loan amount. These loans are funded through the sale of government-insured, Fannie Mae-incurred or Freddie Mac-incurred mortgage-backed securities. 

Your first-time home buyers and military veterans with lower incomes may be eligible for the NC 1st Home Advantage Down Payment, which provides $8,000 in down payment help. 

Using our down payment assistance, you can offer your customers up to 100% financing on FHA, USDA and VA loans. We also offer 3% down payment assistance on conventional 97% LTV loans, minimizing the upfront investment for your customers. Reservations for the NC Home Advantage Mortgage™ are made through our Online Lender Services (OLS) system. 

Buyer Eligibility 

To be eligible for the NC Home Advantage Mortgage™, your buyers must:

  • Purchase a home in North Carolina.
  • Occupy the home as their principal resident within 60 days of closing.
  • Have an income not exceeding $99,000. 
  • Have a credit score of 640 or higher.
  • Be a legal resident of the United States. 

Property Eligibility

  • Single-family homes.
  • Townhouses. 
  • Condominiums.
  • Duplexes (FHA loans only).
  • New manufactured homes (660 credit score required and not eligible for conventional product).

Get Started

1

 If you’d like to provide your clients with more information on the NC Home Advantage Mortgage™, our program guide has details.

Download Program Guide

2

Interested in partnering with our Agency? Submit your application to become a participating lender now!

Find Out if You're Eligible

Forms & Resources

NC Home Advantage Tax Credit (MCC) Program Guide
Buying Your First Home? Save Up to $2,000 in Taxes Annually
Think Buying a Home is Out of Reach?
What Recapture Means
What Recapture Means (Spanish)
NC Home Advantage Mortgage™ Program Guide
NC 1st Home Advantage Down Payment Program Guide
Press &
Investors

North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

North Carolina Housing Finance Agency

3508 Bush Street Raleigh, NC 27609
tel919-877-5700

Disclaimer (please scroll and read, then proceed below)

All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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