North Carolina First Time Home Buyer Grants

Looking for North Carolina first time home buyer grants! Discover the coolest list of first time home buyer grants North Carolina and other home mortgage grants on this page.

Are you considering the purchase of a home in North Carolina? Purchasing a home in any state is an exciting prospect!

Qualifying for home mortgage grants is like receiving a handful of money.

Before we get to the topic of North Carolina first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to North Carolina, I don't want you to look too much like a tourist!) These facts were obtained from the State of North Carolina's official website.

• North Carolina's State Dog is the Plott Hound, being officially adopted on August 12, 1989. "The Plott Hound breed of dogs originated in the mountains of North Carolina around 1750 and is the only breed known to have originated in this State.

  Named for Jonathan Plott who developed the breed as a wild boar hound, the Plott Hound is a legendary hunting dog known as a courageous fighter and tenacious tracker. The Plott Hound is also a gentle and extremely loyal companion to hunters of North Carolina. The Plott Hound is very quick of foot with superior treeing instincts and has always been a favorite of big-game hunters."

• In 2001, the state of North Carolina named the strawberry as the official Red Berry and designated the blueberry as the official Blue Berry.

• The Cardinal was named the State Bird on March 4, 1943, by popular choice. "The Cardinal is sometimes called the Winter Redbird because it is most noticeable during the winter when it is the only "redbird" present…The Cardinal is a fine singer, and what is unusual is that the female sings as beautifully as the male, The male generally monopolizes the art of song in the bird world."

• The Venus Flytrap was adopted by the General Assembly of 2005 as the State Carnivorous Plant.

• "The General Assembly of 2005 adopted the Fraser Fir as the official Christmas Tree for the State of North Carolina. The Fraser Fir derives its name from John Fraser, a Scottish botanist who explored the Appalachian Mountains in the 1700s, and was a collaborator and competitor with Andre Michaux. Fraser Firs, which are native to the Appalachian Mountains, can reach a height of 80 feet and may have trunks as large as 18 inches in diameter."

If North Carolina is your choice, read on for information related to the North Carolina first time home buyer grants program.

First Time Home Buyer Grants North Carolina

To begin with, the State of North Carolina does not offer a North Carolina first time home buyer grant program for its residents; however, there is one program that is very close.

This is good news because not all states are able to offer assistance to first time home buyers. The state agency which maintains this program for North Carolina is the North Carolina Housing Finance Agency and the name of the program is the "American Dream Downpayment Initiative".

According to the website mentioned below, "First time home buyers can get up to $7,000 for use toward the down payment and closing costs. This is actually a loan, but carries no payments and has a zero percent interest rate. The $7,000 doesn't have to be paid back for 30 years. In effect, you are getting a grant of the value of interest on a $7,000 loan for 30 years, which at 7% interest rate, amounts to over $9,700 in interest that you would save." You should visit this website to determine your eligibility.

Other Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in North Carolina. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for North Carolina first time home buyer grants, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a grant you may qualify for down payment assistance. They are sometimes easier to obtain.

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