North Carolina down payment grants have been released. Funds are limited. Call me today to reserve yours!

Did you know that first-time and move up home buyers as well as military veterans may be eligible to receive a grant for the down payment when purchasing a home? North Carolina Home Advantage Down Payment provides $8,000 down payment assistance grants for first time home buyers(haven’t owned a primary residence in the past 3 years) or military veterans. You can purchase a home up to $250,000(new construction included), and it’s available in all counties!

NC Home Advantage Mortgage™ provides a fixed-rate mortgage and down payment assistance up to 5% of the loan amount for first time and move up home buyers. These programs are similar to previous down-payment assistance programs where down payment assistance is a grant that is a deferred second mortgage at 0% interest. It is fully forgiven after you own the home 15 years.

(Forgiveness of 20% per year begins at the end of year 11, so by the end of year 15, all has been forgiven). Repayment of the down payment grant is not required unless the property is sold, refinanced or transferred within the first 15 years.

And the NC Home Advantage Tax Credit enables eligible first-time buyers and military veterans to save up to $2,000 a year on their federal taxes!

Some income limits and other eligibility requirements apply.

It's the perfect time to own your first home! Call me today and let's get things moving!

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Updated: 31st January, 2018 8:23 PM.

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