NC Home Advantage Mortgage™
First-Time and Move-Up Home Buyers
Purchasing a home can be overwhelming and complicated. It is our goal to make it simpler by offering affordable mortgage options and connecting you with experienced home buying partners. Contact Judy and House Into Home NC for a list of participating local lenders.
Down Payment Assistance
For both first-time and move-up home buyers, our NC Home Advantage Mortgage™ provides qualified individuals with stable, fixed-rate mortgages and down payment assistance up to 5% of the loan amount. The Agency also offers an $8,000 down payment assistance option—the NC 1st Home Advantage Down Payment—just for first-time buyers and military veterans who meet additional eligibility criteria.
Repayment of all of our down payment options is required only if you sell, refinance or transfer your home before year 15—the down payment assistance is forgiven at 20% per year at the end of years 11-15, with complete forgiveness at the end of year 15.
As an added bonus, if you are a first-time buyer or a military veteran, you may also be eligible to combine this mortgage with the NC Home Advantage Tax Credit which could save you up to $2,000 per year on your federal taxes if you apply and are approved for a Mortgage Credit Certificate by the NC Housing Finance Agency prior to your home purchase. (This cannot be combined the NC 1st Home Advantage Down Payment.)