OUR MORTGAGE OPTIONS WILL SEND YOU PACKING
Finding the perfect home loan to fit your budget is a very moving experience. HCC will help you find everything you need, from homeownership advice to actual financing with below market rates, lower fees and a minimum downpayment. We even offer a terrific matched savings plan to make your dream more affordable. If you're ready to own a home, we'll get you moving in the right direction.
LENDING A HAND TO HOMEBUYERS
HCC has loan programs that include excellent first mortgage programs offered through our bank partners and national nonprofit affiliations. These low cost, below market interest rate programs feature low downpayments (from $500 to 2%) and flexible underwriting guidelines that cater to moderate income customers and those who have received counseling and have repaired credit. Add to that special financing through our Loan Pool for the homes we have for sale. Best of all … you can apply right here in our office. HCC also has a second mortgage program. Eligibility for these loans is based on household size and income. These loans are made at very low interest rates, which mean lower monthly payments and great savings in interest over the life of the loan. The second mortgage loans are generally used as downpayment and closing cost assistance, limiting the amount of cash out of your pocket. HCC also partners with the House Charlotte Program for purchasing in “City Within A City” boundaries.
HOW MUCH HOUSE CAN YOU AFFORD?
Once you become “Mortgage Ready” you will learn about the different mortgage options and see what best suits your needs. You'll also discuss the monthly payment, interest rates, downpayment and other important costs and terms. Finally, if you qualify for the loan products we have available at that time you will be pre-approved for a purchase up to a specific price. Now it's time to begin shopping for your home! Once you have been pre-approved, you can shop for a home with confidence. We advise you to seek help in your search from a qualified Realtor®. We'll be glad to refer you to one of our Preferred Realtors. The Realtors® on this list have completed the “Workforce Certificate Program” through the Charlotte Regional Realtors® Association, and are familiar with working with first-time home buyers. The Housing Partnership has homes for sale, too. Be sure to ask about our current inventory.
YOU'LL FEEL RIGHT AT HOME WITH THE HOMEOWNERSHIP CENTER of CHARLOTTE.
HCC has the power and the programs to help you own your own home.
Call us today at (704) 377-HOME (4663). We'd like to send you packing.
*Sample Loan Program from HCC. Purchase price of $115,000. Est. monthly payment including taxes and insurances - $860.85. Est. funds to close - $576.48. First mortgage - $103,400, 6.693% APR, 30 yr., fixed rate. Second mortgage - $7,500, 3.079% APR, 30 yr., fixed rate. HouseCharlotte Third mortgage - $7,500 3% APR, no payments. Forgiven after 10 years if loan terms are met. Loan programs available based on home selection and borrower's household income. Borrower must provide proof of eligibility and qualify with loan underwriting guidelines. Completion of Homeownership Center of Charlotte program is required. The Housing Partnership reserves the right to make changes to its loan programs, terms and offerings without notice. (9/20/06)
