I'm excited to share that the North Carolina Housing and Finance Authority is bringing back the very popular $15,000 down payment assistance loan. If you're interested, don't wait to learn more.
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
Call me at (704)996-2613 for a FREE home buying or selling consultation
I received some information in regard to the North Carolina Housing and Finance Authority that I wanted to share with you.
They are bringing back the very popular $15,000 down payment assistance loan program.
This is awesome news for anyone who is potentially looking to buy a home. Why? They will give you up to $15,000 in the form of a loan that can be used for a number of things in the down payment process, and it's 100% forgivable after living in the house for five years.
This $15,000 can be completely forgiven.
I have some great loan officers that can explain it to you in a little more detail; there are some income requirements and you do have to have at least a 640 credit score.
If you're interested, you need to act right away. The program should come around in October and last year there were only 1,000 of these grants available. This year there will be 3,000 available.
You have to get in line because they are first come, first served.
For those of you thinking about selling your house, it's awesome news because there will be that many more people who will be qualified to buy your house. If you wait until after the holidays, you're going to be in the thick of a lot of competition because that's when the housing market heats up.
I can personally attest that this is an awesome program because I've helped several people buy a property this year with it. I've actually had people get money back at closing, which is rare.
This program is available in five counties, two of which I cover: Mecklenburg and Cabarrus.
If you're interested, give me a call or send me an email to learn more. You have to move fast, though, because more and more people are going to be interested in this program. I hope to hear from you soon!