Facilitates community homebuilding with onsite construction supervision. Provides building materials and financial assistance. Offers low interest mortgage rates. Requires 40 hours per week for nine to twelve months.
"Sweat equity", are used as the down payment on their new home, reducing costs for a new home they could otherwise not afford. Self-Help Enterprises also assists each applicant with securing the loans needed to build their home. Special financing from the U.S. Department of Agriculture and the State of California makes these homes affordable.
Benefits of the Program
No Down Payment and Closing Costs are included in your Primary Loan
Monthly mortgage payment is based on household's income
Your payment could be lower than what you pay for rent
Low interest rates
Energy efficient homes
A brand new home for your family
Main Qualifications
Good credit status (no credit may be acceptable)
Stable income from employment and other sources of income
Income that does not exceed eligibility guidelines
Ability and willingness to meet the labor requirement
Main applicant must be a permanent resident or U.S. citizen
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