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.

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

First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.

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Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

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Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs
The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing.

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