No Money Down For First Home Buyers

No Money Down For First Home Buyers

$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 owStarmounte 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.) 

 Lets look at some homes that would qualify:

Mecklenburg County Homes Under $250,000

Cabarrus County Homes Under $250,000


If this sounds like the loan for you,  the application is easy! Call me, Bobby,  with questions or to go see some homes,  704-981-2863



CherylAnne Mclean Headshot
Author:
Phone: 980-322-5117
Dated: October 29th 2015
Views: 744
About CherylAnne: A bit about CherylAnne: Being a REALTOR® is a perfect match for her global experience, knowledge a...

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