Can I buy a second home using this financing?
No, this program is restricted to those persons who have not owned a home in the past three years as their principal residence. Additionally, to qualify for purchase under this program, the home must be your primary residence. Therefore, vacation homes would not qualify under this program.

Show All Answers

1. Who is eligible for NCTHFC programs?
2. What is NCTHFC's Eligible Loan Area?
3. Is there a residency requirement for program participation?
4. What is the definition of a first time home buyer?
5. What is meant by primary, or principal, residence?
6. I've heard that only homes in economically distressed areas qualify under these programs. Is that true?
7. How do I apply for a mortgage loan under the programs?
8. Can I buy a second home using this financing?
9. In the event I sell the home, do I have to pay back any portion of the grant?