North Carolina FirstTime Home Buyer Programs Of 2018

Dated: 03/20/2018

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North Carolina First-Time Home Buyer Programs of 2018

NCHFA highlights and eligibility requirements


  • Available for credit scores as low as 640

  • Get up to 5% down payment assistance on an FHA, VA or USDA loan, and up to 3% down payment assistance on a conventional loan

  • Choose among conventional, FHA, VA or USDA mortgages from private lenders recommended by the NCHFA

  • Depending on loan type, buy a house, town house, condominium, duplex or new manufactured home

  • There is no sales price limit on the home for the loan program


  • Must meet limits on income

  • Overall debt-to-income ratio has to be 43% or less

  • Home buyer education may be required

  • Mortgage insurance will be required when a down payment is less than 20%

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