NC 1st Home Advantage Down Payment

NC 1st Home Advantage Down Payment es un segundo préstamo diferido para compradores de vivienda en Statewide, North Carolina. NC 1st Home Advantage Down Payment is NCHFA's enhanced DPA option for first-time homebuyers (and military veterans), providing a flat $15,000 in down payment and closing-cost assistance. It is structured as a 0%-interest deferred second mortgage that is forgiven 20% per year in years 11-15, so borrowers who stay in the home for 15 years owe nothing. The program is funded with tax-exempt mortgage revenue bonds and must be paired with the NC Home Advantage Mortgage (NCHFA's bond-funded first mortgage). NC 1st Home Advantage Down Payment provides $15,000 in down payment assistance exclusively for first-time homebuyers (and military veterans, regardless of prior homeownership) using the NC Home Advantage Mortgage. The DPA is structured as a 0% interest, deferred second mortgage with no monthly payments. The lien is forgiven 20% per year starting in year 11, so a borrower who remains in the home through year 15 owes nothing. The full balance becomes due only if the borrower sells, refinances (without subordination), transfers title, or stops occupying the home as a principal residence during the first 15 years. Los fondos provienen de Tax-exempt Mortgage Revenue Bonds issued by NCHFA.

NC 1st Home Advantage Down Payment ofrece hasta $15,000 de ayuda. Aporte del comprador de vivienda: No NCHFA-imposed minimum borrower contribution; loan-product overlays (FHA/VA/USDA/Fannie HFA Preferred) apply. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

NC 1st Home Advantage Down Payment se perdona después de 15 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Full balance due if the home is sold, refinanced (without subordination), title transferred, or no longer occupied as principal residence within first 10 years y lien forgiven 20% per year in years 11-15 and fully forgiven at end of year 15. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

NC 1st Home Advantage Down Payment está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: First-time-homebuyer (3-year non-ownership) requirement is waived for qualifying military veterans and for buyers purchasing in federally designated targeted census tracts. Sobre el crédito, el programa indica: 640 minimum FICO for government loans (FHA/VA/USDA); 660 minimum FICO for conventional loans. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved homebuyer education or counseling required (online or in person); list of approved providers available through NCHFA and participating lenders. Requisito de residencia: Property must be in North Carolina and occupied as principal residence. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen per agency loan-product guidelines. Must be a first-time homebuyer (no ownership interest in a principal residence in the last 3 years) OR a qualifying military veteran (FTHB requirement waived) OR purchasing in a federally designated targeted census tract. Must be paired with an NC Home Advantage Mortgage (NCHFA's first-mortgage product). Maximum sales price $495,000 (statewide cap). Maximum qualifying income $152,000 (household income, all borrowers and non-borrower spouses on title). Property must be primary residence. Funded with tax-exempt mortgage revenue bonds, so federal recapture tax may apply if home is sold within 9 years and income/gain thresholds are exceeded.

NC 1st Home Advantage Down Payment limita el ingreso del hogar a $152,000. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

NC 1st Home Advantage Down Payment limita el precio de compra a $495,000. Los tipos de propiedad elegibles incluyen Single-family detached, townhomes, condos (must meet agency project approval), 1-unit owner-occupied y new and existing homes. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

NC 1st Home Advantage Down Payment menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes, compradores de vivienda indígenas americanos y nativos de Alaska, educadores, agentes del orden público, bomberos, trabajadores de la salud y compradores de vivienda con discapacidades entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

NC 1st Home Advantage Down Payment atiende a compradores de vivienda que compran en Statewide, North Carolina. El programa se dirige a áreas específicas: IRS-designated qualified census tracts (targeted areas) in North Carolina. In targeted areas, the first-time-homebuyer requirement is waived. Use NCHFA's targeted areas lookup to verify a property's status.

Las solicitudes de NC 1st Home Advantage Down Payment se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Lender reserves rate, first-mortgage funds, and DPA via NCHFA's online lender portal on a first-come, first-served basis. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.