Self-Help Loan Pool (SHLP)

Administered by: NC Housing Finance Agency (NCHFA), administered through participating Habitat for Humanity affiliates · State · Zero-Interest Loan

Funding status: Active

How much assistance

Up to $50,000 (max $35,000 if home is within one of 24 CDBG Entitlement Cities in NC) (Zero-Interest Loan)

NOT a forgivable loan. 0% interest amortizing loan with 20-30 year term. Monthly payments required (15-32% of gross monthly income toward housing payment). Repayment required over the life of the loan.

Eligibility

  • Income limits: Household income at or below 80% of Area Median Income (AMI)
  • First-time buyer required: No
  • Geographic restrictions: Must purchase in North Carolina; home must be built or rehabilitated by a participating Habitat for Humanity affiliate
  • Homebuyer education required: Yes
Visit program website

Notes

Specialized program exclusively for Habitat for Humanity buyers. Buyer must participate in self-help housing program (helping build/rehab the home). Most borrowers complete homebuyer education from SHLP member or partner; all applicants must receive minimum 2 hours one-on-one in-person pre-purchase counseling. Maximum sales price varies by county. $35,000 cap applies in CDBG Entitlement Cities (effective 1/1/23). Credit score minimum not specified — likely defers to Habitat affiliate requirements.

Available Statewide In