Home Improvement Loan Program
Home HeadQuarters offers low-interest loans for eligible homeowners seeking
major home improvement assistance. Typical projects include:
- Roof replacement
- Electrical upgrades
- Furnace replacement
- Plumbing repairs
- Exterior painting or siding
THE ESSENTIAL HOME IMPROVEMENT LOAN
Your home improvement solution for moderate to major home repair or
renovation.
| Type of Loan: | Fixed rate |
| Loan Restrictions: | Home must be owner-occupied and free of liens or
judgements. |
| Property Taxes: | must be current. |
| Interest Rate: | Fixed rate of 3% to 6% per year.
See "Other Information" for interest rate and payback portion. |
| Loan Amount: | Up to $20,000. |
| Eligible Properties: | One-, two- or three-family owner-occupied homes. |
| Lending Area: | City of Syracuse. |
| Income Eligibility: | Household income cannot exceed HUD income limits. |
Other information:
* All loans include a grant component. Your payback portion and
interest rate are determined based on family size and household income (see
HUD income limits).
* Full inspections required.
* Rehabilitation must comply with Housing Quality Standards.
* Auto-pay available.
* Low fixed payment.
* No early payment penalty.
* Contractors must be EPA certified for lead work.
* Lead risk assessments required for all homes built before 1978.
* Children's lead testing required.
* Lead interim controls required.
* Availability of program dependent upon funding.
APPLY NOW
***THIS PROGRAM IS CURRENTLY ON A WAITING LIST***
THE FLEXLOAN
Get the benefits of a Home Equity Loan without the Home Equity! This loan is
ideal for new homeowners who either lack equity in their home or fall just
below bank credit requirements. This no hassle, low rate, quick loan is
perfect for minor to moderate home repair or renovation.
| Type of Loan: | Fixed rate. |
| Loan Restrictions: | Home must be owner-occupied and free of liens or
judgments. |
| Property Taxes: | Must be current. |
| Interest Rate: | 6.99% (APR 7.3019) |
| Loan Amount: | Up to $10,000 (additional funds may be available). |
| Eligible Properties: | One-, two- or three-family owner-occupied homes. |
| Lending Area: | City of Syracuse. |
| Income Eligibility: | None. |
Other information:
* No appraisals required
* Low fixed payments
* No early payment penalty
* Auto-pay available
* Final verification required
* Interest deductible (check with your tax accountant)
* Some income and credit restriction may apply
APPLY NOW
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