Starting July 3rd, new income and sales price limits have taken effect for the North Carolina 1st Home Advantage (the $15,000 DPA), Mortgage Credit Certificate, and North Carolina Home Advantage (no DPA and 3% DPA) programs.
These changes have been put into place in an effort to continue improving affordability in homebuying.
These increases present an excellent opportunity to reach out to your local loan officer to discuss if you qualify and one of these changes may be a fit for you!
*These new limits apply ONLY to NEW locks/reservations made on or after July 3rd.*
*For qualifying borrowers through NC Housing Finance Agency. This is not a commitment to lend. Not all applicants will qualify for financing. For more info, visit https://www.nchfa.com/home-buyers.*