Cape Fear Habitat for Humanity Homeownership Program (SHLP)
Cape Fear Habitat for Humanity Homeownership Program (SHLP) is a first mortgage for homebuyers in Wilmington, North Carolina, administered by Cape Fear Habitat for Humanity, Inc.
The program asks for
- A completed homebuyer education course
- Buyer must participate in construction or rehabilitation of the home (sweat equity). NCHFA SHLP provides shared 0% amortizing mortgage financing (20-30 year term, up to $50K; capped at $35K in CDBG Entitlement Cities). Must complete homebuyer education and 2 hrs one-on-one counseling. Homes are Habitat-built or rehabilitated. Contact Cape Fear HFH: 910-762-4744, 3310 Fredrickson Rd, Wilmington NC 28401.
- A home in New Hanover; Duplin; Pender County
It doesn’t cover
- Households above 80% of area median income
- Homes outside New Hanover; Duplin; Pender County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of New Hanover; Duplin; Pender County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Cape Fear Habitat for Humanity, Inc. to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Cape Fear Habitat for Humanity Homeownership Program (SHLP)?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) is a first mortgage for homebuyers in Wilmington, North Carolina, administered by Cape Fear Habitat for Humanity, Inc. Funding comes from NCHFA Self-Help Loan Pool (SHLP).
How much assistance does it provide?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) offers up to $50,000 in assistance. Amounts are the program's published maximums, not an offer — Cape Fear Habitat for Humanity, Inc. determines any individual award.
Do you have to pay it back?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) is a first mortgage and is repaid under the terms set by Cape Fear Habitat for Humanity, Inc.. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) sets its eligibility rules through Cape Fear Habitat for Humanity, Inc., and does not restrict applicants to first-time homebuyers. A homebuyer education course is required. Buyer must participate in construction or rehabilitation of the home (sweat equity). NCHFA SHLP provides shared 0% amortizing mortgage financing (20-30 year term, up to $50K; capped at $35K in CDBG Entitlement Cities). Must complete homebuyer education and 2 hrs one-on-one counseling. Homes are Habitat-built or rehabilitated. Contact Cape Fear HFH: 910-762-4744, 3310 Fredrickson Rd, Wilmington NC 28401.
What are the income limits?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of Area Median Income. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) can be used for single_family.
Where does it apply?
Cape Fear Habitat for Humanity Homeownership Program (SHLP) serves homebuyers purchasing in Wilmington, North Carolina.
How do you apply?
Applications for Cape Fear Habitat for Humanity Homeownership Program (SHLP) go through Cape Fear Habitat for Humanity, Inc., which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for New Hanover; Duplin; Pender County homebuyersOther programs open to New Hanover; Duplin; Pender County homebuyers
- NC 1st Home Advantage Down PaymentUp to $15,000
- Down Payment AssistanceUp to $2,500
- Community Partners Loan Pool (CPLP)Deferred
Whether two programs can be combined is up to each agency. Ask before you apply.
All 69 programs for New Hanover; Duplin; Pender CountyProgram terms are set by Cape Fear Habitat for Humanity, Inc. and can change; confirm on the official site before you apply.