Downpayment Assistance Program for the First Time Home Buyers in North Carolina
Page 2

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
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Frequently Asked Questions about Buying Your First Home
The idea of buying a new home for the first time can be overwhelming for most people. It is probably the largest investment they have ever made, and the process itself seems downright intimidating. ...

---

Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been administering the Keystone Home Loan Programs For First Time Homebuyers within the State of Pennsylvania.

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on the other two factors needed to...

---