Downpayment Assistance Program for the First Time Home Buyers in North Carolina
by:
TopGovernmentGrants Editorial StaffThe North Carolina Housing Finance Agency is self-supporting public agency of the State of California that is primarily responsible for providing financial assistance in the form of loans to low and moderate income first time home buyers in North Carolina.
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."
The agency has been running programs that assist first time home buyers in the process of purchasing their home. But ultimately, these first time home buyers still find it hard to cover some extra costs, such as downpayments and closing costs.
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.
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Downpayment Assistance Program for the First Time Home Buyers in North Carolina
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Additional Resources
category - Home Buying Programs
Urban Rehabilitation Homeownership Program for Homebuyers in ConnecticutIn 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.
Construction Incentive Program for First Time Home Buyers in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.
California Homebuyer's Downpayment Assistance Program for First Time Home BuyersThe California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.