Today it seems we are all looking for that dream home or the first home we can call our own. With forclosures on the rise in Mecklenburg County; more people are opting to look for a foreclosed home in lieu of a resale home.
We are all trying to get in while the home prices are still down....Saving our money with the hopes to have enough saved to put down on a home. In these economic times that is harder than ever before for most people.
Well there is a little known program that can help you get into that home. The state of North Carolina has a program called agency first home mortgage. They can assisit you with up to $8000.00 in DOWN PAYMENT ASSISITANCE.
The program is designed to help families purchase their first home (or not be a homeowner in the past 3 years) that may not have the necessary down payment to get a mortgage.
You must meet certain income guidelines and sales price cannot exceed $210,000. The home cannot need repairs (can need updating). However; it is a forgivable loan that does nto have to be paid back at all.
So, thinking of buying that foreclosed home....Do not have the necessary down payment? There is help out there for you. You can visit there website for more information at www.nchfa.com.
Dave diCecco
Realtor/Broker
www.davedicecco.com
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