FirstHome Mortgage Program in North Carolina

by: Iola Bonggay

The North Carolina Housing Finance Agency is an independent 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 mission of the North Carolina Housing Finance Agency is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

The North Carolina Housing Finance Agency has formed partnerships with the Federal Housing Administration, the Department of Veterans Affairs, and the United States Department of Agriculture to ensure that their loan programs will be made available for every type of first time home buyer.

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FirstHome Mortgage Program in North Carolina
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on grants for the environment and youth programs.

Additional Resources

category - Home Buying Programs

California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
The 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.

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First Time Homebuyer Programs in Delaware
In the year 1968, The Delaware State Housing Authority was created as a public corporation under the Delaware State Department of Housing. The move was inspired by the need to address the concerns of the people in Delaware who seek homebuying-associated assistance.

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