Making Your Dreams A Reality
Home Ownership Programs
Self- Help Housing
The Self-Help program is Housing Assistance's most affordable homeownership program. In this program participants save money and earn "sweat equity" toward their new home by completing 65% of the labor/ 10 hours per week for upwards of ten months before move in. No construction experience is required. Homes are built on land pre-purchased by Housing Assistance for the program in Polk and Henderson Counties.
New Homes
The New Homes program is an alternative to the Self-Help program. It offers the same attractive, quality homes at affordable prices with no sweat equity required. Homes take an average of upwards of ten months to complete. Homes are built on land pre-purchased by Housing Assistance for the program, not private land, in Henderson or Polk County.
Direct Purchase (Pre-existing Homes)
Clients are able to purchase an existing home with the direct purchase option. The program assists low to very-low income applicants obtain decent and safe housing in eligible areas. Housing Assistance serves all counties in North Carolina and South Carolina through this program.
To start the process, email:
NC502-Direct-Info@housing-assistance.com
SC502-Direct-Info@housing-assistance.com
The first step is to contact the housing counseling team who work to qualify eligible households for the 502 Direct Purchase program.
Benefits:
Qualified clients can move into a home within a matter of months
Interest rate below market rate
Repayment period is 33 years or 38 years
No down payment usually required
Most closing costs can be financed into the loan
Monthly payment is fixed and can be lower based on subsidy qualification on a yearly basis.
Can sometimes qualify for Down Payment Assistance (see below)
Down Payment Assistance
Down Payment Assistance is offered through the North Carolina Housing Finance Agency (NCHFA). It is a deferred payment that can increase your purchase power or reduce your first mortgage amount making monthly payment even more affordable.
Click the box above for the prequalification form. Alternatively, contact the Housing Assistance Corporation at 828-692-4744 and ask to speak with a Housing Counselor. Return completed forms to info@housing-assistance.com, or mail to 214 North King Street, Hendersonville NC 28792.
