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Buying your first home in Johnston County just got easier! 

To add to the draw of Johnston County, if you are looking to buy your first home there, you may be eligible for $15,000 in down payment assistance.  The $15,000 can be used for a down payment and to cover closing costs. The down payment assistance is offered in the form of a five-year, deferred second mortgage loan at 0% interest. Even better, if you stay in your home for five years, you won’t need to repay the down payment loan – it is forgiven at 20% per year for each full year you stay in the home.

$15,000 to Buy in Johnston County

To add to the draw of Johnston County, if you are looking to buy your first home there, you may be eligible for $15,000 in down payment assistance.  The $15,000 can be used for a down payment and to cover closing costs. The down payment assistance is offered in the form of a five-year, deferred second mortgage loan at 0% interest. Even better, if you stay in your home for five years, you won’t need to repay the down payment loan – it is forgiven at 20% per year for each full year you stay in the home.

Am I Eligible?

You may be eligible if:

  • You are a first-time buyer (you have not owned a home in the past 36 months)
  • Your annual household income does not exceed county income limits
  • You have a credit score of 640 or higher
  • Your total debt to income ratio is less than 45%

Property Criteria:

  • Existing homes only (new construction not eligible)
  • Purchase price of $245,000 or less
  • No manufactured homes

How do I Apply?

  • Have your documents ready: current paystubs, last three years w-2s and tax returns, most recent two month’s bank statements.
  • Contact an FM Lending Mortgage Consultant – a preferred lender with N.C. Housing

*Down payment assistance loans offered by N.C. Housing Financing Agency. The $15,000 down payment assistance for first-time buyers is funded through the U.S. Department of the Treasury’s Hardest Hit Fund.

About FM Lending.

Loan Officer Dawn Seabolt, of the Fonville Morisey Vandora Office.

FM Lending Services is a full service mortgage banker specializing in residential purchase and refinance loans in North Carolina since 1992. FM Lending Services offers a wide range of mortgage products and is consistently awarded the highest rankings by the North Carolina Housing Finance Agency and USDA. We have built a strong reputation in the Carolina’s for service, on time closings and professionalism. We pride ourselves on serving the lending needs of real estate professionals and their clients and many of our originators consistently rank in the TOP 1% of Mortgage Originators in the country*. It’s our mission to create an extraordinary customer experience through the efforts of our knowledgeable and caring mortgage professionals where relationships are valued and the focus is on treating every client with white glove service. We’ll work closely with you throughout the financing process, helping provide valuable information so you can make informed decisions.

FM Lending Services (Prosperity Home Mortgage, LLC dba FM Lending Services),  *Ranked by Loan Originator Magazine