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Important News About Down Payment Assistance Programs
Manage episode 166579793 series 1316981
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The $15,000 down payment assistance program has just been rolled out. This program will help a lot of first-time buyers afford a home.
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Heather Dodson is with us today to get you up to date on some breaking news in real estate. The $15,000 down payment assistance program has just been rolled out in North Carolina for first-time home buyers and buyers who haven’t purchased a home in three years. Here are some things you should know about the program:
1. There is a max purchase price of $245,000.
2. There are income limits of $59,000 for a household of one to two people and $67,000 for homes of three or more.
3. This program can be used with all loan types for down payment assistance, mortgage insurance, or closing costs.
4. Any lender can help you with this program.
The max purchase price is $245,000.
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