NC Housing Finance Agency Helps Veterans Become Long-Term Homeowners

Madison Fisler Lewis
veteran and family

For military veterans in North Carolina, long-term financial stability is a key goal. After years of moving around during their service in the military, many veterans hope to finally settle down and put down roots. The NC Housing Finance Agency is committed to providing resources for military veterans in North Carolina to help them not only buy homes, but remain in them for the long term. Read on to learn how the Agency can help make home happen for North Carolina’s veterans.

Affordable Home Ownership Programs
The Agency’s home ownership products can help make home ownership a reality for North Carolina’s veterans. The NC Home Advantage Mortgage™ offers down payment assistance that can help relieve the stress of saving up for a down payment. This mortgage option provides down payment assistance of up to 5% of the loan amount and can be structured as a conventional, FHA, USDA or a VA loan type, so veterans have the flexibility to use the mortgage type that works best for them.

Foreclosure Prevention Assistance
Unfortunately for many veterans, the transition from military service to civilian life can be a financial struggle. For veterans who already own their home but are concerned about losing it during the transition to a civilian career, the NC Foreclosure Prevention Fund offers zero-interest, deferred loans of  $36,000 for 36 months to pay the mortgage while the veteran searches for a new civilian job or retrains for a new career. The funds for the NC Foreclosure Prevention Fund are provided by the US Department of the Treasury’s Hardest Hit Fund through HUD-approved counseling agencies statewide.

Accessibility Modifications and Urgent Repair

For homeowners who have a disability or who are aging in place, the Agency also offers accessibility modifications and urgent repair programs to ensure that the home is safe for the veteran to live in. Veterans who need these services and who meet certain income limits and other requirements can seek assistance through local community partners statewide.

The NC Housing Finance Agency is committed to helping military veterans statewide purchase homes they can afford, stay in their homes during transition and live in their homes safely and comfortably as they age. For more information about the many programs that the NC Housing Finance Agency offers veterans in North Carolina, visit www.nchfa.com.

North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

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All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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