Downpayment Assistance Program for the First Time Home Buyers in North Carolina
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The program will enable you to pay at least $1,000 of your own money and then shoulder a maximum amount of up to $8,000 which is not payable until 30 years after you purchased your house. In addition, this Downpayment Assistance Program can also be used in conjunction with the FirstHome Mortgage Program that is also offered by the North Carolina HFA.

If you wish to considered eligible to apply for the Downpayment Assistance Program, you should be able to satisfy the following eligibility requirements which states that you should be:

1) A first time home buyer or a veteran who is planning to acquire a home in a targeted area

2) A person who has not owned a home or occupied it as his/her primary residence for the last three years

3) A person whose annual income does not exceed the limits that are set by the North Carolina Housing Finance Agency

4) A person who wishes to acquire a property whose selling point does not exceed the limits that are set by the North Carolina Housing Finance Agency

5) A citizen and a legal resident of the United States of America

6) A person who is planning to occupy the purchased home within 60 days before closing.

The Downpayment Assistance Program is naturally not due until after 30 years of procurement, but payment will have to made earlier if the borrower opts to sell, transfer, or refinance his North Carolina HFA-financed property.

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
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Additional Resources

category - Home Buying Programs

Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.

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Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.

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Downpayment Assistance Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.

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Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

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