Buying a Self-Help Home
Who Can Buy a Self-Help Home?
Self-Help homeowners are a diverse group. First time homebuyers, local government employees, graduate students, retirees, and families on a fixed income have all purchased our homes.
But our homeowners do have a few things in common:
- They see the value in a well built home located near jobs, transportation, and recreational opportunities.
- They agree that their homes will be owner occupied for a period of time.
- They want to purchase an affordable home. Our homeowners typically meet and income guideline.
- They complete at least 8 hours of home buyer education before purchasing their home.
Self-Help's Homeownership Process
Purchasing a Self-Help home is typically a 3-6 month process.
While many developers focus on profit, we focus on the success of communities and homeowners. When neighborhoods are safe and stable and homeowners have a quality home with a low mortgage payment, we all win.
- Contact Self-Help CDC for information on buyer qualifications.
- Complete the Homeownership Application.
- Choose a lender and pre-qualify for a loan. We will work with you and your lender to identify down payment and second mortgage programs that you may qualify for.
- Complete the background check.
- Choose a home.
- Sign a contract to purchase your home and submit your deposit.
- Complete a first time homebuyer workshop.
- Submit your loan application and work with your lender to complete your loan package.
- Work with your lender and Self-Help CDC to apply for down payment and first time homebuyer programs.
- Complete home inspection and buyer orientation, with our help.
- Get the keys to your new home!
Need more information? Call or email us - we're here to help.
1-866-265-3488
Charlotte Email: CharlotteHomes@Self-Help.org
Durham Email: DurhamHomes@Self-Help.org
Greensboro Email: GreensboroHomes@Self-Help.org
"We had been renting for years and throwing our money away. We set a goal to buy a home, and I thank God Self-Help was able to help us meet that goal. I have such a greater sense of stability and security for my family."
Lynette Hearn, homeowner
