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Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP)

Mitchell-Yancey Habitat for Humanity · Spruce Pine, North Carolina

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Assistance

$50,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

What is Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP)?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) is a first mortgage for homebuyers in Spruce Pine, North Carolina, administered by Mitchell-Yancey Habitat for Humanity.

  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from NCHFA Self-Help Loan Pool (SHLP).

How much assistance does it provide?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) offers up to $50,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Mitchell-Yancey Habitat for Humanity determines any individual award.

Do you have to pay it back?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) is a first mortgage and is repaid under the terms set by Mitchell-Yancey Habitat for Humanity.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) sets its eligibility rules through Mitchell-Yancey Habitat for Humanity, and does not restrict applicants to first-time buyers.

The program requires

  • A completed homebuyer education course
  • Buyer must participate in construction or rehab of their home (sweat equity). NCHFA SHLP provides shared 0% amortizing mortgage (20-30 yr, up to $50K). Must complete homebuyer education + 2 hrs one-on-one counseling. Contact: 828-766-9000, 563 Oak Ave, Spruce Pine NC 28777.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Mitchell-Yancey 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?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) can be used for single_family.

Where does it apply?

Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) is a federal program, so it is not limited to North Carolina.

How do you apply?

Applications for Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP) go through Mitchell-Yancey Habitat for Humanity, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Mitchell-Yancey Habitat for Humanity to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. 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 buyer can take it to a lender or housing counselor.

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Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP), explained

A short, free course on Mitchell-Yancey Habitat for Humanity Homeownership Program (SHLP): what it is, who it is for, what the program sets and what your lender sets, where it applies and how to apply. Based on program data from August 2026. About ten minutes.

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