Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina

by: Michael Saunders

The North Carolina Housing Finance Agency, more commonly known as NC HFA, is a stand-alone agency operating in the State of California that is generally responsible for ensuring the provision of financial assistance in the form of loans to low and moderate income first time home buyers in North Carolina.

The programs and initiatives of the North Carolina Housing Finance Agency is constantly tailored to contribute to the realization of its overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

With this mission, the NC HFA has been running several home loan programs that are geared towards the purposes of providing a reasonable housing opportunity for the people in the State of North Carolina.

One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.

Together with this program, the NC HFA has also established the Second Mortgage Loan Program wherein it intends to offer second mortgage loans in the maximum amount of $25,000.

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Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on grants for youth programs and home improvement grants.

Additional Resources

category - Home Buying Programs

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 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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Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

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Affordable Housing Partnership Program for the First Time Home Buyers in California
The Affordable Housing Partnership Program is a housing opportunity that enables first time home buyers in the State of California to seek financial assistance from lending institutions that have formed a partnership with CalHFA for the purposes of this endeavor.

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