FirstHome Mortgage Program in North Carolina
Page 2The key features of the FirstHome Mortgage Program is its low interest rates (depending on the borrower's annual income) and its ability to finance 80 to 100% of the total selling price of the borrower's desired property.
In order to qualify for the FirstHome Mortgage Program, the borrower must be:
1) A first time home buyer
2) Someone who has not owned a home or occupied it as his/her primary residence for the last three years
3) Someone whose annual income does not exceed the limits that are set by the North Carolina Housing Finance Agency
4) Some who chooses a property whose selling point does not exceed the limits that are set by the North Carolina Housing Finance Agency
5) A citizen of the United States or a legal resident
6) Someone who is planning to occupy the purchased home within 60 days before closing.
To read more about the FirstHome Mortgage Program, you can visit the North Carolina Housing Finance Agency's official website.
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.
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Additional Resources
category - Home Buying Programs
Urban Rehabilitation Homeownership Program for Homebuyers in ConnecticutThe Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.
California Housing Finance AgencyThe California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.
Department of Housing and Urban Development's Dollar Homes ProgramThe 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.
Section 8 Housing Choice Voucher Homeownership ProgramThe 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.