Self-Help is a method of home construction where a group of families assist each other to build their homes. Inc. Working evenings and weekends, they perform tasks such as clearing, digging footings, wall framing, roofing, installing doors and windows, insulation, painting, siding, cabinets and countertops. Loans are packaged and submitted to the local RDS office for approval.
Construction begins after the loans are approved and closing dates set.
Have a good credit rating. Have a low debt load. Have repayment ability based on ratio calculations Loans are scheduled for a thirty-three year repayment period. Loans are closed at the current market rate. However, the actual interest paid depends on household income and family size.