Self-Help Credit Union Equity Boost Home Loan

Self-Help Credit Union Equity Boost Home Loan is a first mortgage for homebuyers in Statewide, North Carolina, administered by Self-Help Credit Union. Self-Help Credit Union's Equity Boost is a 0%-down first mortgage for first-generation homebuyers and modest-income borrowers, with income limits at 80% AMI (or 150% AMI for first-generation buyers). It features no PMI, financeable closing costs, a 580 minimum credit score, and alternative-credit consideration. A companion product, Self-Help 100, offers 0%-down loans with no income or purchase-price limits. 0% down payment. No PMI. 580 minimum credit score. Alternative credit accepted. First-generation income limit up to 150% AMI. Closing costs financeable.

Self-Help Credit Union Equity Boost Home Loan is a first mortgage and is repaid under the terms set by Self-Help Credit Union. The assistance is recorded in 1 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Self-Help Credit Union Equity Boost Home Loan is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 580; alternative/no credit accepted. Citizenship or immigration status: Legal US residents; ITIN accepted per secondary-market flyer. Must become a Self-Help Credit Union member at closing; income limits apply to Equity Boost; Self-Help 100 has no income limits but requires a 1-4% closing-cost contribution.

Self-Help Credit Union Equity Boost Home Loan limits household income to 80% of the area median income, which varies by county and household size. At or below 80% AMI, OR 150% AMI if borrower is a first-generation homebuyer (200% in high-cost areas). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Self-Help Credit Union Equity Boost Home Loan can be used for Single Family, Condo, and PUD. Manufactured homes are not eligible.

Self-Help Credit Union Equity Boost Home Loan names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native homebuyers, educators, law enforcement officers, firefighters, healthcare workers, homebuyers with disabilities, and first-generation homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Self-Help Credit Union Equity Boost Home Loan serves homebuyers purchasing in Statewide, North Carolina.

Applications for Self-Help Credit Union Equity Boost Home Loan go through Self-Help Credit Union, 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.