| Self Help Housing This is a unique housing program. There are no requirements of up front down payment or out of pocket closing costs. Instead of down payment and closing costs the participating family must agree to perform a significant portion of the construction labor, under the supervision of our professional construction supervisors. Payments may be adjusted to accommodate household income. This is done by adjusting all the way down to a minimum of 1% for “Very Low Income”. The interest rate will never exceed that given for 502 loans on the day of closing. |
|
| Program Funding The Self-Help Housing Program is funded through the United States Department of Agriculture, Rural Development branch. Applicant eligibility and loan terms are not determined by Deep Fork Community Action, but by the lender (USDA). |
