FirstHome Mortgage Program in North Carolina
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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.

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.

Additional Resources

category - Home Buying Programs

California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

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California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
The California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.

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Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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