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Self-Help Loan Pool

Through the Self-Help Loan Pool (SHLP) program, the NC Housing Finance Agency offers up to $50,000 in shared mortgage financing to assist eligible borrowers purchase a home built or rehabilitated by a participating Habitat for Humanity affiliate (SHLP Member). 

NOTE: Effective 1/1/23, a maximum of $35,000 available if Habitat home purchased is within one of the 24 CDBG Entitlement Cities in NC

The SHLP Member provides mortgage financing that is combined with Agency funds to provide a single, affordable mortgage that is structured as a 0%, amortizing loan with a typical term of 20-30 years. The home buyer makes their mortgage payment to the SHLP Member (or their designated Loan Servicer) who is responsible for sending the Agency its share of the payment.

The Agency allocates funds to support the SHLP Program on an annual basis. For 2023, the Agency has budgeted up to $10 million to assist SHLP eligible home buyers. These funds are available on January 1, 2023

Eligible Home Buyers:

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
  • Complete an approved home buyer education course and at least two hours of one-on-one pre-purchase counseling that is HUD-approved.

Most borrowers complete an in-person or virtual home buyer education class offered by a local HUD-approved agency. However, an alternative is eHome America, an online home buyer education course based on NeighborWorks America’s acclaimed “Realizing the American Dream” that takes an estimated six to eight hours to complete. The course is HUD-approved, exceeds the National Industry Standards for Home Ownership Education and Counseling and is available in Spanish.

The Agency is offering eHome America at a special price of $35 for potential SHLP borrowers. After completing the course, borrowers will receive a Certificate of Completion. To get started, please click on the following graphic:

Please note that all SHLP applicants must also receive a minimum of two hours of one-on-one pre-purchase counseling from a HUD-certified housing counselor before they can be approved for assistance. Contact the SHLP Member to discuss your home buyer education and counseling options.

Eligible Homes:

  • Buyers must be purchasing 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:

SHLP members are responsible for identifying eligible home buyers, ensuring the home buyer(s) complete HUD-approved home buyer education and one-on-one pre-purchase counseling (at least two hours), submitting the SHLP loan application with required documentation and coordinating the loan closing. In exchange for these services. The Agency pays the Member a $1,500 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 $5,000 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 becoming a SHLP Member need to complete a Membership Application.

For more information on becoming a SHLP Member, please contact Rich Lee, 919-877-5688 or Vedera Mimms, 919-877-5655.

Get Started


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

Access SHLP Guidelines


For more information, contact Rich Lee at 919-877-5688.

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