RALEIGH, N.C. — GE Mortgage Insurance announced Friday that it was teaming up with the North Carolina Housing Finance Agency to help provide no-down-payment mortgage financing at below-market rates to first-time homebuyers with good credit.

On March 1 the finance agency will add conventional mortgages to its current portfolio of FHA, VA, and USDA loans, which currently have rates as low as 6.5%.

The state agency’s loans are available to first-time homebuyers and individuals who have not owned a home in three years. In addition, borrowers must not exceed certain income and sales price maximums.

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