$15000 in Down Payment Assistance Makes No Money Down a Reality for Many!
The North Carolina Housing Finance Agency announces they would provide $15,000 in Down Payment Assistance- a 5 year deferred loan at zero interest! Stay in your home 5 years, and you owe nothing, as it amortizes 20% per year, to zero after 5 years. This loan is offered in conjunction with 30 year fixed NC Home Advantage Mortgage, and is being offered to 1000 First Home buyers in 5 counties in NC, to those who qualify. The devil is always in the details, but I like these details, have a look:
A maximum purchase price of $245,000
The $15,000 is a "silent 2nd" not interfering with your first loan qualifications, and disappears after 5 years
You buy in one of 5 targeted counties, locally that is Mecklenburg and Cabarrus
Your income does not exceed certain household limits, 1-2 person is $67,000, 3+ is $77,000
Your credit score is over 640
You are a first home buyer ( or have not owned in the last 3 years.)
The McDonald Group at Wilkinson ERA is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
Reviews on Zillow
"It was a great pleasure to work with Terry McDonald. English is not my first language so forgive any mistakes. The first time we met Terry was 5 ... more "
by polina katz
"I worked with Bobby on both buying and selling my home in Charlotte. He is so personal and cares about finding the perfect home for his clients! I ... more "
"Terry was exactly the agent we needed for our relocation from the New York area to Charlotte. We first explored a move to Charlotte a couple years ... more "
The Cost of Renting vs. Buying in the US Less to Buy than Rent? L
"Here are our favorite things about Terry:
1) He lets you guide the process as much or as little as you want, but always offers helpful suggestions at the right time. He did not guide us to the most expensive house -- he was focused on getting us the *right* house.
2) He is a strong but reasonable negotiator.
3) He is extremely responsive.
4) He has good judgment. Terry will not hesitate to steer you away from a questionable purchase. For apartment-dwellers who have never dealt with houses, this is especially important.
5) He's fun to be around during a process that is inherently stressful. Don't underestimate the importance of a pleasant partner in this process.
I hope we never have to move again, but if we do, Terry will be our first call!"