Honoring veterans through mortgage assistance
Homebuyer program(s): The N.C. Home Advantage Mortgage “offers competitive interest rates along with down payment assistance up to 3 percent of the mortgage loan amount – fully forgiven after 15 years – for first-time and move-up buyers.” Qualified borrowers can also apply for a second mortgage to help with the down payment and closing costs. First-time buyers can utilize a Mortgage Credit Certificate to save up to $2,000 a year on federal taxes.
While the North Carolina Housing Finance Agency website doesn’t mention veterans specifically, the Home Advantage Mortgage is available for FHA, VA and USDA mortgages.
Veteran population: 771,654
Notable military bases in state: Pope AFB, Fort Bragg, National Strike Force Coast Guard Base, Camp Lejeune Marine Corps Base
Veterans: Now that you’re aware of the purchase programs in your state, view current VA mortgage rates in your area.
Average home price: $171,486
Tim Manni is the Managing Editor of HSH.com and the author of the site's daily blog, which concentrates on the latest developments in the mortgage and housing markets.
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