Mortgage Options

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.  If you’re ready to own a home, we’ll get you moving in the right direction.

Lending A Hand To Homebuyers

HCC offers Downpayment Assistance loans through CMHP Mortgage, Inc.. These low cost, below market interest rate programs require minimal investment into the transaction (as little as $500) and flexible underwriting guidelines that cater to low- to-moderate income customers  who have completed our Homeownership Advising and Homebuyer Education classes to become mortgage-ready.  Best of all … you can apply right here in our office.  Eligibility for these loans is based on total household size and income, as well as property location. The Special Financing Special Financing can be used for downpayment and/or closing cost assistance for the homes we have for sale. HCC partners with the HouseCharlotte Downpayment Program, and NCHFA’s Community Partners Loan Pool (CPLP)  NCHFA CPLP program.

How Much 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, we will refer you to our lending partners to be pre-approved for a mortgage loan. 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 our Preferred Realtor® List. The Realtors® on this list have completed the “Workforce Housing 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)  CMHP Mortgage, Inc. NMLS# 104276