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Rutherford County Habitat for Humanity Homeownership Program (SHLP)

Rutherford County Habitat for Humanity · Rutherfordton, North Carolina

Last verified
See what you qualify forOfficial program site →
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 Rutherford County Habitat for Humanity Homeownership Program (SHLP)?

Rutherford County Habitat for Humanity Homeownership Program (SHLP) is a first mortgage for homebuyers in Rutherfordton, North Carolina, administered by Rutherford County 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?

Rutherford County Habitat for Humanity Homeownership Program (SHLP) offers up to $50,000 in assistance.

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

Do you have to pay it back?

Rutherford County Habitat for Humanity Homeownership Program (SHLP) is a first mortgage and is repaid under the terms set by Rutherford County 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?

Rutherford County Habitat for Humanity Homeownership Program (SHLP) sets its eligibility rules through Rutherford County 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). Requires homebuyer education + 2 hrs one-on-one counseling. Contact: 828-248-3178, PO Box 1534, Rutherfordton NC 28139.

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?

Rutherford County 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?

Rutherford County Habitat for Humanity Homeownership Program (SHLP) can be used for single_family.

Where does it apply?

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

How do you apply?

Applications for Rutherford County Habitat for Humanity Homeownership Program (SHLP) go through Rutherford County 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 Rutherford County 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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