Let’s Make Home Happen! Jane Cavanaugh Training Coordinator, Home Ownership NC Housing Finance Agency

Our Mission Our Mission is to create affordable housing opportunities for North Carolinians whose needs are not met by the market. That’s where you come in!

with Partners like You 8,550 Home Buyers in 2018 $1 Billion in Loan Activity in 2018 109,700 All-Time Home Buyers

First-time and MOVE-UP buyers with incomes up to $87,500 statewide Competitive interest rates Downpayment assistance available up to 5% of loan amount (3% on conventional loans) Up to 100% financing on FHA, USDA and VA loans DPA loan is deferred, 0% interest for 15 years Reduced by 20% per year in years 11-15—completely forgiven at year 15! Funded through the sale of government-insured or Fannie Mae-incurred mortgage-backed securities

First-time buyers, military veterans or buying in targeted census tract Incomes vary by county and family size Offers $8,000 downpayment assistance available Sales price limited to $260,000 statewide Deferred, 0% interest for 15 years Reduced by 20% per year in years 11-15—completely forgiven at year 15! Subject to recapture

First-time buyers, military veterans or buying in targeted census tract Incomes vary by county and family size Allows home buyer to claim 30% of mortgage interest as tax credit (up to 50% on new construction) Tax credit up to $2,000 per year Can still claim remaining 70% (or 50%) as a deduction Sales price limited to $260,000 statewide Can be used with NC Home Advantage Mortgage™ (but not with NC 1st Home Advantage Down Payment) Subject to recapture

Eligible buyers—NC home advantage mortgage™ First-time and move-up buyers Pre-purchase education required for first-time buyers Incomes up to $87,500 statewide Maximum DTI of 43% Purchasing a home in North Carolina Occupy home as principal resident within 60 days of closing Credit score of 640 or higher (660 for manufactured home purchase) Legal resident of the United States

Eligible buyers—NC 1st home advantage Down payment and NC Home Advantage Tax credit First-time buyers, military veterans or buying in targeted census tract Pre-purchase education required Incomes vary depending on county and family size Maximum DTI of 43% Purchasing a home in North Carolina Occupy home as principal resident within 60 days of closing Credit score of 640 or higher (660 for manufactured home purchase) Legal resident of the United States

Eligible Properties Single-family homes Townhouses Condominiums Duplexes (eligible for NC Home Advantage Mortgage™ only) New manufactured homes (660 credit score required)

Advantages for partners Lenders Real estate agents Close more loans with our affordable mortgage products Earn fees for mortgages you originate Get referrals from our website Meet CRA requirements Reach more buyers with affordable mortgage products Earn CE with our training classes Be listed as a Preferred Real Estate Agent on our website

Need more info? Bill Hobbs, Lender Liaison: bhobbs@nchfa.com Jane Cavanagh, Training Coordinator: jane@nchfa.com Cathy Hatcher, Senior Underwriter: cshatcher@nchfa.com Donna Pruitt, Senior Underwriter: dmpruitt@nchfa.com Amber Smith, Underwriter: ansmith@nchfa.com Raj Patel-Howard, Underwriter: rphoward@nchfa.com Justin Cuevas, Underwriter: jacuevas@nchfa.com Lori Purser, Underwriter: lgpurser@nchfa.com Margie Rivera, Lender/OLS helpdesk mbrivera@nchfa.com Rob Rusczak, Manager Home Ownership: rob@nchfa.com Or check our website: Lenders—www.nchfa.com/homeownership-partners/lenders Real estate agents—www.nchfa.com/homeownership-partners/real-estate-agents