Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / June 25, 1992, edition 1 / Page 43
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N.C. Housing Finance Agency offers mortgages at 7.4% According to a recent announce ? ment made by Governor lames G. Martin, first-time home buyers can soon obtain fixed-rate mortgages at 7.4%. The North Carolina Housing ^Finance Agency will offer the mort gages under an expanded program that makes more options available to home buyers. The $52.1 million in 30-year, fixed rate mortgages will be available beginning June 26 from 29 lenders and their branches statewide. The funds will assist approximately 925 home buyers with low and moderate incomes. "By helping working families afford homes, these mortgages sup port North Carolina's housing indus try and continuing economic growth for our state," said Gov. Martin. "New residential construction showed a heartening recovery in the first quar ter of 1992, compared with a year ago. We need to encourage that excel lent trend." Martin said that so far this year, the North Carolina Housing Finance Agency has provided $166.4 million in financing for moderate and low income home buyers. "The home sales that result will generate an esti mated 825 construction jobs and $9.6 million in local and state tax rev enues, " he added. * William T. Boyd, chairman of the housing finance agency's board of directors, noted that the current mort gage program has been expanded to offer not only FHA-insured mort gages, but conventional mortgages, and VA and Farmers Home Admin istration guaranteed mortgages. To qualify for the mortgages, home buyers must not exceed the fol lowing household income and home price limits, which are tied to local medians. In the Greensboro area, which includes Davidson, Davie, Forsyth, Guilford, Randolph, Stokes, and Yadkin counties, $34,500 income for one person, $36,000 for two persons and $40,000 for families of three or more; $94,000 sales price for new homes and $71,500 for existing homes. The N.C. Housing Finance Agency is a self-supporting agency created by the General Assembly. The agency also operates the state's Housing Trust Fund. The Home Loan For People Who Think That They Don't QuaMy For One. There's always a catch. Either you can't pull together enough for a down payment, or your income is too low to quality for a loan. Not to worry. If your household in come is less than $27,500, you may qualify for our special Home Ownership ftogram. It makes you eligible for everything from low interest rates to 95% financing to lower closing costs. You can even deduct up to 100% of the interest on your taxes. So come in and apply. You might be surprised at just how qualified you really are. W Southern National Tax Advantage Loans Equal Housing Lender. Member FDIC. 1803 N. Liberty St - $29,000 - Solid old home-handyman special I Investors, pay attention I Large rooms. Call Virginia 722 -4606 GFN Associates , Inc. Professional Experience to Meet All of Your Real Estate Needs 1225 E. Fifth St., Suite 107 Winston-Salem, N.C. 27101 BUS: (919)722-3480 1109 W. 11th St - $28,000 - 3 BR, 1 BA, 6 Rms. Across from Cook School. Recently renovated including new roof. Call Virginia 722-4606 923 E 17th St. -$35,000 - 3 BR, 2 BA, 6 Rms, -Cottage with lovely sunroom, carport. Call Janto 767-6219 1358 Dlggs Blvd. - 2 BR, 1 BA, Investor Special!!! Owner anxious to sell, Owner financing. Make Offer!! $18,000. Call Janie 767-6219 4375 Mashle Dr. - $98,000 - Grandvlew Area - 4 BR, 2.5 BA, 10 Rma" din rm, den, 2 FP, fin bsmt, move-in condition! Call Janie 767-4219 200 NE 27th St - $51,500 - 3 BR, enclosed porch, fenced yard, detached gar. Call Jeanette, 724-2151 616 W. 25th St. - $47,000 - 2 BR, 1 BA, 5 Rms, starter home in good condition. Call Virginia 722-4606 2709 Bon Air - $34,000 - 2 BR, 1 BA, 5 Rms, Groat Starter homo with baaomont, aorone nbhd OTHER LISTINGS 1752 PLEASANT ST. $32,000 Jeanette, 724-2151 2508 AMHURST $68,500 Jane, 767-621 9 1322 N. JACKSON AVE. 610,000 Virginia, 722-4606 1455 HARDING ST. $34,500 Jeanette, 724-2151 IDOLS RD. $25,000 Janie, 767-6219 1202 EXCELSIOR ST. $3,500 Virginia, 722-4606 1502 Q HOUSTON ST. $4,200 Virginia, 722-4606 LOTS 1 B&2A REYNOLDA PK $30,000 Virginia, 722-4606 LOT 12 POMEROY DR. $12.000 Virginia. 722-4606 2230 NE 22nd St - $85,000 - 3 BR, 1 BA, full basamant, good condition. Call Jaanatta 725 3246 Cal I our office for details on these and other properties!
Winston-Salem Chronicle (Winston-Salem, N.C.)
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June 25, 1992, edition 1
43
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