The US government, local governments, and not-for-profit organizations offer a range of assistance programs to help homeowners with home repairs, including loans and grants. These programs have income, property value, and usage restrictions, and the Department of Housing and Urban Development's Title 1 property improvement loan program is specifically for low and moderate income homeowners. The loan can be up to $25,000 with a maximum term of 20 years and 32 days, and has a fixed interest rate based on market rates in the area. It can also be used in conjunction with the 203 (k) home rehabilitation loan.
Continue to full article