Housing Works October 26, 2017 Happen - Affordably! Let’s Make Home Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up

Guest Speakers Realtor Partner Chris Beaver Pinnacle Bank Teresa Pitt Lender Partner Realtor Partner Chris Beaver Pinnacle Bank Teresa Pitt Howard Perry & Walston

Our Mission To create affordable housing opportunities for North Carolinians whose needs are not met by the market. Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

More than 85,000 home buyers Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

N.C. Home Advantage Mortgage™ Helps first-time and MOVE-UP buyers Competitive interest rates Downpayment assistance available Available on GOVT (FHA, VA and USDA loans) 97% CONVENTIONAL LOANS! Can be combined with Mortgage Credit Certificates (for first-time buyers) Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

Down Payment Assistance 3% or 5% of loan amount GOVT, 3% CONV Deferred, 0% interest for 15 years AND EVEN BETTER!!!--- Completely forgiven at year 15 Reduced by 20% per year in years 11-15 Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

N.C. Home Advantage Mortgage™ can help you reach more buyers No sales price limits $87,500 1003 income limit statewide Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

Eligible Buyers Principal residence in NC Annual 1003 income $87,500 or less 43% DTI Minimum credit scores GOVT 640 CONV 640 Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

Eligible Properties GOVT LOANS: New/previously owned single-family homes (stick built or modular) Townhouses, condos and duplexes New manufactured homes with 660 credit score CONV LOANS: Townhouses NO manufactured homes or duplexes Condos ONLY with FNMA approval Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

CPLP Community Partner’s Loan Pool Up to 20% Down Payment Assistance New/previously owned single-family homes (less than 10 yrs old) Household Income Limits apply Must be referred through a Community Partner “0”% interest , deferred 2nd mortgage, not forgiven Can be combined with the MCC NOT just for First Time Homebuyers Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

WOW!! Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

Mortgage Credit Certificates UNBELIEVABLE help for first-time buyers Allows homeowner to claim 30% of mortgage interest – up to $2,000 – per year as CREDIT on federal taxes (up to 50% for new homes!) Can still claim remaining 70% (or 50%) as deduction Up to $166 a month – helps qualifying Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com

Income Limits Vary by County and the number of persons in the household. Refer to Quick Reference tabs for charts of income limits

Go to www.nchfa.com Learn more… Logo should be PMS 327 (teal) background should be dark blue; insert white line around logo if necessary to make it show up www.nchfa.com