NCHFA Home
Loans
Helpful mortgage information from Alpha Mortgage, our trusted home financing partner.
At Alpha Mortgage, we are proud to partner with the North Carolina Housing Finance Agency (NCHFA) to help more North Carolinians achieve the dream of homeownership. Through special loan programs and down payment assistance, NCHFA provides affordable options for first-time buyers, veterans, and moderate-income families who need a little extra help getting started.
What Is an NCHFA Housing Loan?
An NCHFA Housing Loan is a mortgage program that combines affordable financing with down payment assistance. It’s designed to make homeownership more accessible for North Carolina residents who meet income and residency requirements.
Down Payment & Financing Requirements:
One of the most valuable aspects of NCHFA financing is the down payment assistance available to eligible buyers:
- NC Home Advantage Mortgage™ – Offers up to 3% of the loan amount in down payment assistance.
- NC 1st Home Advantage Down Payment – Provides $15,000 in down payment assistance for qualifying first-time buyers and military veterans.
- Assistance is structured as a forgivable, interest-free second mortgage after a set period of time, helping you start with more financial stability.
Types of Properties You Can Finance
NCHFA loans are designed for primary residences only. That means:
- Eligible properties include single-family homes, townhomes, condos, and new manufactured homes.
- Second homes and investment properties are not eligible.
- Homes must meet NCHFA’s purchase price limits and property guidelines.
Benefits of a NCHFA Loan
- Low down payment requirements with assistance options
- Forgivable second mortgages available for down payment help
- Competitive, fixed interest rates
- Available to both first-time buyers and repeat buyers (depending on program)
- Affordable path to long-term homeownership
Why Choose Alpha Mortgage for Your NCHFA Loan?
- Local expertise – As a North Carolina-based lender, we know the ins and outs of NCHFA guidelines.
- Down payment assistance specialists – We’ll help you determine which programs you qualify for and ensure you get the most benefit possible.
- Personalized service – We’ll compare NCHFA programs alongside Conventional, FHA, USDA, and VA loans to make sure you choose the best fit.
- Commitment to your success – We believe every family deserves the opportunity to own a home, and we’re here to help make it happen.
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