IS THIS YOURS?
IT COULD BE!
WHAT IS OWNER-BUILT or SELF-HELP HOUSING?
A place to call home is what most of us wish for and work towards. For many, it simply seems like a dream, but it can be a reality!
Mountain Projects, Inc. is looking for families to build their own affordable homes through USDA’s Self-Help Housing Program and become homeowners instead of renters.
Groups of families work together to help each other build homes under the guidance of a construction supervisor. The groups provide at least 65% of the construction labor. Hard work is the key, along with a willingness to work cooperatively with other participants. Homes are usually completed within six months of breaking ground.
Labor provided by the families reduces the cost of the homes approximately 30%. This reduction in conjunction with low interest rates and no down payment can make home ownership affordable for you.
With the Self-Help Housing you must be eligible for a Rural Development loan and be willing to participate in a construction group.
WHAT ARE THE TERMS OF
THE RURAL DEVELOPMENT LOAN?
Maximum Adjusted Income
(persons per household)
1 person $30,700
2 persons $35,100
3 persons $39,450
4 persons $43,850
5 persons $47,350
A minimum income of $17,000 would typically be required to qualify for the loan.
AM I ELIGIBLE FOR A
RURAL DEVELOPMENT LOAN?
WHAT ARE THE CONSTRUCTION
HOW DO I APPLY?
If you want more
Self-Help Housing, call for an
Call Anna Rogers at
828-452-1447 ext. 127
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It’s time to make your move. When the bank says no, this is your next step. Homeownership is within your reach, so reach out to us.
“These institutions are equal opportunity providers and employers.”
Owner Built Housing
2251 Old Balsam Road Waynesville NC 28786
25 Schulman Street Sylva NC 28779
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