Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information.
#Free mortgage calculator nc series#
Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Other loan programs are available including FHA, VA and USDA.ĭepending on the loan type and down payment amount, mortgage insurance may be required which would increase your total mortgage payment.ĭisclaimer (please scroll and read, then proceed below)Īll information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Further review is necessary to obtain an exact qualification. Calculations by this tool are believed to be accurate, yet are not guaranteed. If you invest less than 20 percent down payment in your new home, a monthly mortgage insurance payment will be required, which may increase your total mortgage payment. The sum of your total housing payment (including taxes and insurance) and other monthly debts should be no more than 41 percent of your gross (pre-taxes) monthly income.ĭISCLAIMER: The prequalification figures above are based upon conventional program guidelines.Your total housing payment (including taxes and insurance) should be no more than 32 percent of your gross (pre-taxes) monthly income.And, if you can't qualify right now, they can help you get on the right path.Your salary must meet the following two conditions: Not only will you want to know what you CAN qualify for but also have someone that can help you calculate taxes, insurance, etc, to make sure that you have an accurate idea of what your payment will be so that it's also a 'comfortable' payment. Besides speaking with me, this is the BEST FIRST STEP in terms of the home buying process. The lender will then talk about your job history, salary/commission structure, credit, and other things. From there, you can just tell them that you've communicated with me, are considering a purchase, and would like to know more about the process and what you can qualify for. I, Chad Hendrix, have preferred lenders (they're preferred only because they do a wonderful job for our clients, not for any other reason) that I can connect you with. If you are serious about buying a home, you need to speak with a mortgage lender or your bank and go from there. Please know that this calculator is just a tool to run some numbers with and get some ballpark payment ideas.
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