First-Time Buyer Financing Options
Explore loan programs and assistance options designed to help you achieve homeownership in North Carolina
Get Pre-Qualified TodayPopular Loan Programs
Choose the financing option that best fits your situation. We'll help you navigate the process from pre-approval to closing.
FHA Loans
Federal Housing Administration loans with low down payments (as low as 3.5%) and flexible credit requirements.
Key Benefits:
- Down payment as low as 3.5%
- Credit scores as low as 580 accepted
- Competitive interest rates
- Can be used for primary residences
Ideal for: First-time buyers with limited savings or lower credit scores
VA Loans
Veterans Affairs loans offering 0% down payment options for eligible military members, veterans, and their families.
Key Benefits:
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit requirements
Ideal for: Active duty military, veterans, and eligible surviving spouses
USDA Loans
U.S. Department of Agriculture loans for rural and suburban homebuyers with 0% down payment options.
Key Benefits:
- No down payment required
- Low mortgage insurance rates
- Below-market interest rates
- Available in eligible rural areas
Ideal for: Low to moderate-income buyers in eligible rural and suburban areas
Conventional Loans
Traditional mortgages not backed by the government, offering flexibility and competitive rates for qualified buyers.
Key Benefits:
- Down payments from 3% to 20%
- No upfront mortgage insurance with 20% down
- Flexible loan terms (15, 20, 30 years)
- Can be used for any property type
Ideal for: Buyers with good credit and stable income
North Carolina Down Payment Assistance Programs
Take advantage of state and local programs that can help with your down payment and closing costs.
NC Home Advantage Mortgage
North Carolina Housing Finance Agency offers down payment assistance up to 5% of the loan amount for first-time buyers.
Learn MoreNC 1st Home Advantage Down Payment
Provides down payment and closing cost assistance for eligible first-time homebuyers in North Carolina.
Learn MoreCommunity Seconds Program
Offers a second mortgage to help with down payment and closing costs, with deferred payment options.
Learn MoreMilitary Heroes Program
Special assistance for active duty military, veterans, and reservists purchasing homes in North Carolina.
Learn MoreReady to Explore Your Options?
Our team at Lightkeeper Realty specializes in helping first-time buyers navigate financing options and assistance programs. Let us connect you with trusted lenders and guide you through the entire process.
Helpful Resources
Credit Counseling
Get help improving your credit score and managing debt before applying for a mortgage.
Mortgage Calculator
Estimate your monthly payments and see how different loan terms affect your budget.
Homebuyer Education
Complete required homebuyer education courses to qualify for certain assistance programs.