Buying a home is one of the most important purchases you can make, and it can also be one of the most confusing. We are here to help. Here at the North Carolina Housing Finance Agency, we strive to make home buying as simple as possible, and provide important information and resources that you need to make solid financial decisions. We offer infographics, ebooks, home ownership calculators, videos, blogs and more to help you make the best decisions for you and your future as a homeowner.
The NC Home Advantage Mortgage™ can help make home ownership affordable for you. With forgivable down payment assistance of up to 5% of the loan amount, competitive interest rates and more, the NC Home Advantage Mortgage™ might just be the boost you need to become a homeowner. And if you're a first-time buyer or military veteran, you may be eligible for $8,000 in down payment help with the NC 1st Home Advantage Down Payment.
If you are an eligible first-time buyer or military veteran, the NC Home Advantage Tax Credit can make home ownership even more affordable for you with a Mortgage Credit Certificate (MCC). The MCC allows eligible buyers to take a federal tax credit of 30% of the mortgage paid annually (50% on newly built homes), which means more money in your pocket to help you afford your mortgage! In all, the MCC can help you save up to $2,000 each year that you occupy your new home.
This flier explains the purpose and process of recapture—a tax that could be due if you, using a Mortgage Credit Certificate for the NC Home Advantage Tax Credit sell your home within nine years, realize a profit and have a significant gain in household income.