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Self-Help Loan Pool
The Self-Help Loan Pool (SHLP) offers resources for self-help housing organizations, like local Habitat for Humanity affiliates, to increase their home ownership development, help buyers get into their homes and stabilize existing neighborhoods. Through the SHLP, the North Carolina Housing Finance Agency (NCHFA) offers permanent mortgage financing that can be combined with the organization’s mortgage funds to provide a single, interest-free mortgage loan for the home buyer.
A list of active SHLP members can be found here.
What We Offer
Each home completed in the Self-Help Loan Pool is eligible for a funding package that includes:
- $25,000 of mortgage financing at zero percent interest for the home buyer*
- $4,000 grant for SystemVision™ construction
- $1,000 grant for specific green building certifications (optional)
- $1,000 grant for pre-purchase preparation and counseling
*Amount may be different in 2014. Contact staff about current funding levels.
To participate, home buyers must have a household income at or below 80 percent of the median income for their county, and must complete eight hours of home buyer education and, if needed, homeownership counseling. The SHLP member can either offer the education or partner with a counseling organization in the community.
How It Works
Organizations seeking membership in the SHLP and approval of specific homeownership projects should complete a Membership Application. For current program information, review the Self-Help Loan Pool Participation Guidelines.
Once approved, the SHLP member serves as a liaison between N.C. Housing Finance Agency and the home buyer, submitting the buyer’s loan application and making the loan reservation on a case-by-case basis. The borrower pays back the first mortgage “participation loan” – which is a combination of the NCHFA’s financing and the SHLP member’s funding – to the member, who in turn makes monthly payments to the Agency for its share of the participation loan.
For more information about Self-Help Loan Pool and who to contact with questions, please consult the
Self-Help Loan Pool Participation Guidelines.
For Your Home:
For a 30-year fixed-rate (minimum 60-day lock-in). Need down payment help? N.C. Home Advantage Mortgage offers up to 3% at zero interest. Check rates.
What's New @ NCHFA
Buying a home? A preferred real estate agent can help
Our preferred real estate agents have in-depth knowledge of our mortgage programs and can help you determine which might be best for you.
SFR/URP Funding Apps Due Jan. 26
Our Current Interest Rates
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