Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina

by: Michael Saunders

The North Carolina Housing Finance Agency, more commonly known as NC HFA, is a stand-alone agency operating in the State of California that is generally responsible for ensuring the provision of financial assistance in the form of loans to low and moderate income first time home buyers in North Carolina.

The programs and initiatives of the North Carolina Housing Finance Agency is constantly tailored to contribute to the realization of its overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

With this mission, the NC HFA has been running several home loan programs that are geared towards the purposes of providing a reasonable housing opportunity for the people in the State of North Carolina.

One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.

Together with this program, the NC HFA has also established the Second Mortgage Loan Program wherein it intends to offer second mortgage loans in the maximum amount of $25,000.

  (continued...)

Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
  Page 2

About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on grants for youth programs and home improvement grants.

Additional Resources

category - Home Buying Programs

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

---

First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

---

Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

---

First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

---