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First Time Home Buyers

Nova's First Time Home Buyer Program

If you are a first time home buyer, or have not owned a home for the past three years, you may qualify for Nova's First Time Home Buyers Program!

First Time Home Buyer Program

  • Eligible for first time home buyers or those who have not owned a home for the past three years1
  • No down payment — qualified homebuyers may finance up to 100% of the appraised value or purchase price whichever is less2
  • $300,000.00 maximum loan amount
  • Owner-occupied, single family residences (including condos and townhouses)
  • Minimum 2 years established credit history with minimum 2 trade lines
  • 620 credit score (average) required
  • Minimum 2 years of employment/income3

No Fees for Application, Processing, or Documentation!

  • No PMI, Points, or Origination fees
  • Low Closing Costs — attorney fees, title search, title insurance, taxes, and homeowners insurance

Call 1.800.865.0445 or local numbers and extensions below:

Jackie Ingram
704.392.3418 ext 231
jingram@novacu.com
NMLS ID #1567409

Chee Vang
704.392.3418 ext 532
cvang@novacu.com
NMLS ID #1093292

1 If there is a mortgage reporting on credit report it must be zero balance and at least 3 years since the last activity date.

2 Less earnest and due diligence fees.

3 W-2's & 30 days paystubs; 12-month Verification of rent may be needed.