NC Home Advantage Mortgage™

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

Your first-time home buyers and military veterans with lower incomes may be eligible for the NC 1^st 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 percent financing on FHA, USDA and VA loans. We also offer 3 percent down payment assistance on conventional 97 percent 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 $87,500.
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).