Many first time home buyers have never heard of one of the most affordable housing options available in North Carolina.  The NC Bond loan is a low interest mortgage that is available to first time home buyers or individuals who have not owned a home in the last three years.  My company, Granite Mortgage, Inc. has been the number #1 Lender with North Carolina Housing Finance Agency for 18 straight years for these loans.  Here are a few highlights:

Rates are generally one-half to one point below market rates on 30 year fixed loans

100% financing is available on Conventional, VA, and USDA loans as well as FHA loans with 3% down

Downpayment and Closing Cost Assistance are available for lower income buyers up to $7000.

In Mecklenburg County, here are a few requirements:

Max loan amount is $200,000 for new construction and $190,000 for existing construction

1-2 person family can make up to $64,000 per year

Please feel free to contact me at any time concerning these loans. 

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