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Self-Help Loan Pool

Through the Self-Help Loan Pool (SHLP) program, the NC Housing Finance Agency offers up to $35,000 in mortgage financing to assist eligible buyers purchase homes built or rehabilitated by a SHLP Member, which usually is a local N.C. Habitat for Humanity affiliate. 

The SHLP Member provides mortgage financing that is combined with NCHFA funds to provide a single, affordable mortgage that typically is structured as a 0%, amortizing loan with a term from 20-33 years. The home buyer makes their mortgage payment to the SHLP Member (or their designated Loan Servicer) who is responsible for sending the pro-rata share of the payment to NCHFA.

Eligiblity & applying for assistance:

To be eligible for SHLP funding, a home buyer must already be a participant in a self-help housing program (i.e. helping with the construction or rehab of the house they are buying) as well as meet SHLP program guidelines, which include: 

  • household income at or below 80% of the Area Median Income 
  • completed a minimum of 8.0 hours of home buyer education and/or home ownership counseling 
  • buying a new or rehabilitated home from a SHLP Member that is less than the maximum sales price limit for the county

Interested home buyers should contact a SHLP Member for additional information.

Member responsibilities & fees

SHLP members are responsible for identifying eligible home buyers, ensuring the home buyer(s) receive at least 8 hours of home buyer education and counseling, submitting the SHLP loan application with required documentation, and coordinating the loan closing. In exchange for these services, NCHFA pays the Member a $1,200 service fee for each SHLP loan closed.

In addition, SHLP Members that develop homes certified under SystemVision™ or other approved Green Building Standards may be eligible to receive the following fees:

  • Up to $4,500 for meeting SystemVision™ for New Home standards 
  • Up to $6,000 for meeting SystemVision™ for Existing Home standards 
  • $1,000 for meeting any of the five Agency approved Green Building standards

Self-help housing organizations interested in learning more about becoming a SHLP Member should contact Josh Burton, Team Leader for Home Ownership Development (919-877-5678 or jdburton@nchfa.com) for more information including the application process.

Get Started

1

Looking for more detailed information on SHLP funding options? The SHLP Participation Guidelines may further assist you.

Access SHLP Guidelines

2

For more information, contact Josh Burton at 919-877-5678.

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