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NC home advantage tax credit could make your new home an atttraction option for first time buyers. With MCC a newly built home are eligible for a tax credit u to 50% of the annual interest paid, savign your buyers up to $2,000 per year on their federal income taxes for every year they occupy their home as their primary residence. An MCC is used in conjunction with a 30 year fix rated mortgage including FHA, USDA, VA and conventional. Eligible buyers can combine an MCC with other NC Home Advantage mortgage with up to 5% down payment help for even bigger savings.  To be eligible for a an NC home advantage tax credit the buyers must: be first time buyers or military veterans or be buying homes in targeted census tracts. 2) meet income and sales price limits, 3) purchase a home in NC, 4) apply and be approved for an MCC prior to the home purchase 5) occupy the home as their principal residence within 60 days of closing and be a permanent legal residence of the US. 

Property eligibility: 1) single family homes, 2)townhomes, 3) condominiums and 4) new or used manufactured homes. Also not that if the MCC is used with our NC Home  Advantage Mortgage only new construction, doublewide manufactured homes are eligible