Teacher First Time Home Buyer Nc. Subject to availability all teachers grades pre k thru 12 as well as administrators and staff will receive a minimum of 1 000 00 non repayable grant to be used toward the purchase of a home. See state government contacts visit ncpedia.
The durham housing authority dha offers first time homebuyers a range of services to help make the homeownership process as smooth as possible. At teacher next door we know north carolina and are able to serve you in every community in the state from apex to winston salem. Similar to the other down payment assistance options available with the nc home advantage mortgage this down payment help is a 0 percent deferred second mortgage which is forgiven.
Housing grants of up to 4 170 00 are available to all north carolina teachers through the teacher next door program.
Ideal for first time home buyers low 3 5 down payment requirements favorable credit score requirement of 580 fha loans are the 1 loan type in america with 11 41 of all single family residential mortgage originations and 1 market share for first time home buyers at 82 84. This first time home buyers program is available in all 50 states and offers a wide range of special benefits and programs including grants and down payment assistance for first time buyers. Fha insured loans are advantageous for many reasons. In addition to the grant you may also be eligible for down payment assistance of up to 10 681 00.