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

2. 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!

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

4. 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

5. 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

6. 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

7. 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

8. 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

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

10. 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

11. Need more info? Bill Hobbs, Lender Liaison: bhobbs@nchfa.com
Jane Cavanagh, Training Coordinator:
Cathy Hatcher, Senior Underwriter:
Donna Pruitt, Senior Underwriter:
Amber Smith, Underwriter:
Raj Patel-Howard, Underwriter:
Justin Cuevas, Underwriter:
Lori Purser, Underwriter:
Margie Rivera, Lender/OLS helpdesk
Rob Rusczak, Manager Home Ownership:
Or check our website: Lenders—
Real estate agents—