The Workforce Housing Certificate Program (WHCP) educates Realtors® to work with first-time buyers and clients purchasing in the affordable price range (80 percent of the area median income). Through this program, the public is able to more readily identify Realtors® who have acquired the education and skills to handle real estate transactions in the workforce-housing market.
This course provides in-depth coverage of programs offered by the NCHFA and their partners to assist Realtors® and their clients. Realtors® learn about property and buyer eligibility, qualifying incomes and home pricesand how to use these lending opportunities to make home buying a reality for their clients. Realtors® gain an understanding of how and when each specific program can be used to offer their buyer the greatest benefit.
The four-hour course will cover in-depth NCHFA programs, including:
- New forgivable down payment assistance
- Deferred second mortgages for eligible buyers
- How to combine Mortgage Credit Certificate (MCC) $2,000 tax credits with the new NC Home Advantage product (available to all eligible borrowers)
The course is approved for four hours of NCREC continuing-education elective credit. The course also fulfills the core class requirement on creative lending for the Workforce Housing Certificate Program (WHCP).