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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:
- $30,000 of mortgage financing at zero percent interest for the home buyer
- $4,000 development subsidy for homes constructed to SystemVision™ for New Homes
- Up to $6,000 development subsidy for homes constructed to SystemVision™ for Existing Homes
- Up to $1,000 incentive for specific green building certifications
- $1,000 fee for pre-purchase preparation and counseling
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.
Our rates are available on business days from 9:00 AM to 6:00 PM EST.
What's New @ NCHFA
Buying a home? We now offer up to 5% down payment help!
Our N.C. Home Advantage Mortgage? offers competitive rates and down payment help up to 5% of the loan amount.
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