Loan Options
North Carolina Home
Advantage Mortgage
NC Home Advantage MortgageTM
The North Carolina Housing Finance Agency is dedicated to providing home buyers with safe, stable mortgages and down payment help that make home ownership affordable. The NC Home Advantage Mortgage™ offers down payment assistance up to 5 percent of the loan amount that can help first-time and move-up buyers get into a new home.
Down Payment Assistance
The Agency also offers an $8,000 down payment assistance option—the NC 1st Home Advantage Down Payment—just for eligible first-time buyers (those who haven’t owned a home as their principal residence in the past three years) and military veterans.
NC Home Advantage Tax Credit
First-time buyers and military veterans may be eligible for the NC Home Advantage Tax Credit, which saves up to $2,000 in federal taxes each year for buyers who apply and are approved for a Mortgage Credit Certificate (MCC) prior to their home purchase. (This can be combined with the NC Home Advantage Mortgage™ but not the NC 1st Home Advantage Down Payment.)
For additional information on the North Carolina Housing Finance Agency mortgage products, please visit www.nchfa.com/home-buyers
Benefits
- First -Time and Move-Up Buyers
- Down Payment Assistance
- Mortgage Credit Certificate (MCC)
Get Started on Your Journey Home
Knowledge Base
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