New $15,000 Down Payment Assistance Program goes live September 15, 2015!

NCHFA15k

INFORMATION ON THE 2016 VERSION OF THIS LOAN IS HERE!

NOTE: THE FUNDS FOR THIS 2015 LOAN PROGRAM ARE EXHAUSTED AND IT IS NO LONGER AVAILABLE. FOR OTHER DOWN PAYMENT ASSISTANCE LOAN PROGRAMS, CLICK HERE

Great news. There is a new $15,000 down payment assistance program IS LIVE! as of September 15, 2015 (from the North Carolina Housing Finance Agency).

Here are some details:

  • $15,000 down payment assistance for homes in Johnston, Mecklenburg, Cumberland, Guilford, and Cabarrus counties
  • Can be used as a combination for down payment and closing costs
  • The amount is fully forgivable after 5 years (20% per year)
  • Money is from US Treasury and will likely last 1.5 years (2000 loans)
  • Must be first time home-buyer, or have not owned a home in 3 years
  • 640 minimum credit score with minimum of 2 scores per borrower required (get all 3 credit scores free here)
  • Maximum Sales Price will be $245,000
  • Rates change daily. Click here to see where they currently are (select bottom rate guide – 5% Down Payment Assistance)
  • Maximum household incomes vary per county (see below)

$15k max income

If you want to see if you are eligible, or have questions, contact me!

Full details from NCHFA:

NCHFA-DAP15_English-page-001  NCHFA-DAP15_English-page-002

NCHFA Pat Price

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