New Beginnings Self-Help Housing Program is designed to provide an opportunity for working individuals and families of low and very low incomes to build their own homes. An essential part of the program centers around the homeowners providing some of their own labor, therefore, cutting down on construction costs, and building up their equity during the construction process. Another positive aspect about this program is the affordability it offers. With rental prices at an all time high, you can have a house payment that is the same or lower than many rent payments are, as well as being able to say, "I own my home!"
- Must meet income requirements (link to income requirements)
- Decent credit score
- Stable employment
- Willing to work on your house and others in your spare time
- USDA Rural Development (link to website)
- 502 single family loan
- 33 year loan
- Fixed interest rate
- Many borrowers may qualify for subsidy as low as 1%, depending on income
- 100% loan, so no big down payment up front
- Several floor plans to choose from
- Houses are located in a safe, family oriented subdivision in the city limits and within 1 mile of three schools
- All houses in the self-help housing program are to be constructed in the current subdivision, Eastview.
Photo Gallery of Self-Help Houses (link to pictures)
Pre-Application (link to pre-application)
Program Coordinator: Marley Wyatt
E-mail: homeowner@crossvillehousing.org
Construction Coordinator: Stan Lewis
E-mail: selfhelp@crossvillehousing.org