NC COMMUNITY HOUSING & CONSULTING

Establishing A Well Grounded Community is a Priority

The NCCHC purpose is to address, educate, coordinate, and provide aid to find low income homes on a local level. Education is provided by raising social consciousness about the cause and to provide assistance to those regardless of their race, ethnicity, or religion.

Housing Counseling

Housing counseling can help you turn the American Dream into a reality. Whether you are seeking to rent or want to purchase a home in the future, studies have found clear benefits to receiving housing counseling before making your next move.

​​​NCCHC Offers the Following Housing Counseling Services:

  • First-Time Homebuyer Counseling
  • Homebuyer Predatory Lending Counseling
  • Rental Housing Counseling



 
Down Payment Assistance

NCCHC can assist  first time home buyers for a down payment assistance program from the North Carolina Housing Finance Agency. This
program provides down payment assistance of 20% up to $25,000 (whichever is less) to low and very-low income families who need extra money to obtain a home mortgage.  The $25,000 is a deferred second mortgage. The minimum loan amount is $7,500. Except for the minumum loan amount requirement all loan amounts should reflect the borrower's actual assistance needed to make the home affordable. All borrowers must invest a minimum of $750.00 of their personal funds into the transaction. In addition, borrowers should have accessible assets equal to one months's total house payment remaining on deposit after loan closing.

The funds received from NCHFA is a deferred 2nd mortgage. After the first mortgage is paid, then you start making payments on the 2nd mortgage. The 2nd mortgage is interest free during the payoff of the 1st mortgage. 

Families must be a first time homebuyer or have not owned a home as their principal residence during the past three years.

502 USDA Direct Loan Program

The 502 Direct Loan Program is about offering home ownership to First Time Homebuyers with low and very low income (80% of the median income or below).  You will need to be credit worthy (credit counseling available), meet USDA-RD loan requirements, and have a reliable source of income.   The best part of the program is your loan payment.  Your loan payment is lower than other home loan payments as it is based on your income and not the current interest rate.  Your lender is the United States Department of Agriculture (USDA) Rural Housing Service.  The North Carolina Community Housing & Consulting is paid by USDA for the loan packaging process and  not by you. NCCHC will provide, first time home buyers education, through the entire  process and post home ownership education to help you keep your home.
Section 8 Homes