NC Residence Advantage Mortgage. Advance Payment Assistance

First-Time and Move-Up Home Purchasers

Investing in house could be overwhelming and complicated. It’s our objective making it easier by providing mortgage that is affordable and linking you with experienced property partners.

Advance Payment Assistance

For both first-time and home that is move-up, our NC Home Advantage Mortgage™ provides qualified individuals with stable, fixed-rate mortgages and deposit support as much as 5 % of this loan quantity. The Agency also provides an $8,000 advance payment assistance option—the NC 1 st Residence Advantage Down Payment—just for first-time purchasers and armed forces veterans whom meet extra eligibility requirements.

Payment of most of y our advance payment options is necessary only when you offer, refinance or transfer your house before 15—the down payment assistance is forgiven at 20 percent per year at the end of years 11-15, with complete forgiveness at the end of year 15 year.

As an extra bonus, 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 if you are a first-time buyer or a military veteran, you may also be eligible to combine the NC Home Advantager Mortgage™ with the NC Home Advantage Tax Credit which could save you. (This is not with the NC 1 st Residence Advantage advance payment. )

We provide these items through participating loan providers statewide.

Desire to find out more very first? View the video below exactly how the NC Residence Advantage Mortgage™ might be your mortgage that is perfect match. Then start to see the eligibility demands with this web web page to see in the event that you may qualify and also to discover ways to get going.

Recent News

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Am I Qualified?

You may qualify for an NC Residence Advantage Mortgage™ if:

What Characteristics meet the criteria?

Get Going

If you should be entitled to the NC Residence Advantage Mortgage™, download our house customer certification to simply take up to a participating loan provider!

Prepared for the next thing? Browse our set of participating loan providers to get one towards you!

Forms & Resources

Residence Purchasers

Current Property Owners


Home Ownership Partnership

Rental Housing Partners

New York Housing Finance Agency

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