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The key features of the FirstHome Mortgage Program is its low interest rates (depending on the borrower's annual income) and its ability to finance 80 to 100% of the total selling price of the borrower's desired property.
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In order to qualify for the FirstHome Mortgage Program, the borrower must be:
1) A first time home buyer
2) Someone who has not owned a home or occupied it as his/her primary residence for the last three years
3) Someone whose annual income does not exceed the limits that are set by the North Carolina Housing Finance Agency
4) Some who chooses a property whose selling point does not exceed the limits that are set by the North Carolina Housing Finance Agency
5) A citizen of the United States or a legal resident
6) Someone who is planning to occupy the purchased home within 60 days before closing.
To read more about the FirstHome Mortgage Program, you can visit the North Carolina Housing Finance Agency's official website.
FirstHome Mortgage Program in North Carolina
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on grants for the environment and youth programs. |
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