Sweat Equity

Work Up a Sweat While Building Your Own Home

The Mutual Self-Help Housing Loan Program helps low-income households construct their own homes. Families perform approximately 65% of the construction labor on each other’s homes with professional supervision. This sweat equity reduces labor costs and the price of the home. Mortgage payments are 22 to 26 percent of the applicant’s income.

Visit: www.rurdev.usda.gov/rhs/sfh/brief_selfhelpsite.htm

Down Payments and Sweat Equity In Florida

Grants and low interest rate loans are available for down payments in Florida. For new home construction and rehab homes, some programs allow a person to use work (sweat equity) as a down payment. Contact: Affordable Housing Concepts, Inc. 809 E. Bloomingdale Ave, Wuite 395, Brandon, FL 33511

Visit: www.affordablehousing.com