Buying your first home? Make it happen with an $8,000 boost : NC 1st home advantage down payment

Buying Your 1st Home? Make it Happen with an $8,000 Boost Home Advantage DOWN PAYMENT If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage™, you may also be eligible for $8,000 in down payment assistance with the NC 1st Home Advantage Down Payment The NC Home Advantage Mortgage™ is the perfect match for buyers looking for safe, affordable financing. It can be structured as an FHA, VA, US DA or conventional loan. The NC Iя Home Advantage Down Payment is a 0%, deferred second mortgage. If you qualify, you don’t need to repay the down payment assistance unless you sell, refinance or move out of the home in the first 15 years. Even better, the down payment loan is forgiven 20% per year at the end of years 11-15, with complete forgiveness at the e nd of yea r 15 . Please note that if you are not eligible for the NC Г1 Home Advantage Down Payment but qualify for the NC Home Advantage Mortgage™, you may still be eligible for up to 5% down payment help that is available for qualified first-time and move-up buyers. Ask your lender for details. := Am I Eligible? You are a first-time home buyer (have not owned a home asyour principal residence in the past three years), military veteran or are purchasing a home in a targeted area You are purchasing a home in North Carolina You occupy the home as your principal residence within 60 days of closing Your income and home sales price do not exceed certain limits Your credit score is 640 or higher You area legal resident of the US ^ How to Apply The NC Home Advantage suite of products is offered statewide by the NC Housing Finance Agency, a self-supporting public agency, through participating lenders. Find a lender near you atwww.nchfa.com/ home-buyers or by calling 1-800-393-0988.