Help for Raleigh Home Buyers
Buying your first home is a big deal. If you are planning on buying a home in Raleigh, NC soon, you need to know what you can afford. In some cases, you may even be eligible for home buyer assistance programs offered by the city of Raleigh. Read on to find out how these programs can help.
How Do I Qualify for Home Buyer Assistance?
In addition to certain financial requirements (which you can find in the links below), future home buyers must earn a Homeownership Class Certificate.
What First Time Home Buyer Assistance Programs Are There?
The Citywide Home Ownership Program targets home buyers who have not owned a home within the last three years. The future home buyer must choose a home within Raleigh city limits if they would like to qualify.
- What This Program Provides – A maximum of $20,000 in the form of a low-interest loan for a second mortgage. This funding is used for the home’s down payment, closing costs or in areas where the home buyer needs financing.
- How To Get These Benefits – Qualify for a first mortgage from lenders involved in this program.
Other Home Buyer Assistance Programs in Raleigh, NC
- The Homebuyer Rehabilitation Program provides home buyers with a loan for necessary home renovations.
- The OWNER Program can provide a second mortgage loan of up to $30,000 with no interest. Home buyers have to be approved for a first mortgage from a lender involved in this program.