Home Improvement & Repair Loans PHFA Loan Programs
Correction of security deficiencies such as the replacement of exterior doors and windows. Repair of plumbing system failures such as cracked potable water or sanitary lines. Two unit dwellings deeded as one property are eligible unless the residence is a manufactured home, then one unit only.
Eligible modification items may include, but are not limited to the following. Applicants must meet the underwriting guidelines for the first mortgage program in which they are applying. Contacting your local HUD office is also a great way to find current and upcoming home repair grant opportunities being offered in Pennsylvania. One tip in your research for federal and Pennsylvania home improvement grants is to contact your state senator. Pennsylvania sponsorsCommunity Development Block Grants grants with the help of the federal government.
Dauphin County (1 program)
Very low and low-income people, families with children, seniors, veterans, and people with disabilities are usually eligible to receive these funds. You can also apply for disaster relief grants if your house is damaged by natural disasters, such as hurricanes, earthquakes, and floods. Bradford County also uses funds from the Community Development Block Grant Program and provides financial aid to its eligible homeowners with the rehabilitation of their homes. The Housing Rehabilitation Program offers income-eligible, single-family, owner-occupants, retain homeowners insurance, with taxes paid to date, and may qualify for housing rehabilitation grants of up to $20,000 per household. If you are living in a rural area, getting help for repairing or replacing your windows is possible by the Single Family Housing Repair Loans and Grants or Section 504 Home Repair Program.
Our assistance extends far beyond financing, as URA staff will help you identify contractors, develop project specifications and assure that all tasks are completed in a workmanlike fashion. PHFA's Purchase Improvement loans allow buyers who qualify to make needed repairs right away, without having to take out another loan at a higher rate and with a shorter repayment period. The purchase price plus the cost of the repairs cannot exceed PHFA's applicable purchase price. If you meet the conditions above, contact a PHFA participating lender to start your mortgage application. PHFA also offers homebuyers the opportunity to receive homebuyer counseling and education free of charge through one of its approved counseling agencies. We strongly encourage you to seek the assistance of a counselor before you sign a sales agreement, especially if you are a first-time buyer.
Bucks County (2 programs)
To qualify for this program, your total household income must be at or below 80% of the Area Median Income. Homeowners complete an application Habitat Bucks will assist you to identify and prioritize what your eligible repairs are and estimate your repair costs. Professional construction staff, volunteers, and subcontractors make repairs to your home. The Municipality of Norristown in Montgomery County administers an Owner Occupied Housing Rehabilitation Program for income-eligible homeowners within the Municipality. Improvements are geared to assist homeowners to bring their properties up to code. Home repair grants and loans are not given to anyone and for any purpose.
A home electrical wiring is an expensive cost and you may be eligible for a grant partially or fully covering the cost. There are several options in which you can get financial aid from federal and state agencies for a complete or partial rewiring of your house. Pennsylvania home improvement grants and zero-interest loans are available to low-income homeowners to reduce the cost of their emergency repairs that present safety and health hazards, including problems with the electrical system. These grants are usually administered at a local level by governments and agencies. These funds may be used in home improvement projects such as roof repair or replacement, repairs/improvements to plumbing and/or electric systems, upgrades to kitchen and/or bath areas, etc.
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PHFA will underwrite your application and let you know if you are approved. If we have a local HEELP Loan Provider in your area we will refer you there. Otherwise, we will walk you through how to get the work that you need to have done approved. The home improvement must be permanently affixed to the property and add value to the home. Don’t give up and know that there are grants ready for you to take advantage of.
The Homeowners Energy Efficiency Loan Program offers loans between $1,000.00 and $10,000.00 for specific energy efficiency repairs at a fixed rate of 1%. These funds may be used for energy-efficient windows and doors, energy-efficient heating or cooling system repairs or replacements, roof replacements, caulking, sealing & insulation, etc. The Home Maintenance Program is administered by HPCC on behalf of the Chester County Department of Community Development to help seniors live better. This program provides basic home maintenance, repairs, and access modifications for residents of Chester County, 65 years of age and older. The total household income must fall at or below 50% of the Median Income Limits. Work includes any type of home maintenance and repairs including but is not limited to, roof repair, heater installation, windows, decks, bathrooms, siding, etc.
The lender will provide the buyer with the HomeStyle® Renovation Consumer Tips Form and the Contract Profile Report to review and sign. The borrower must fund any amount that exceeds the as approved appraised value. ACCESS Home Modification loans are available in addition to any downpayment and/or closing cost assistance or HOMEstead funds for which the applicants may qualify. These additional mortgages will NOT be factored into maximum loan-to-value financing limitations. The Pennsylvania HOME Program is a federally funded program that provides municipalities with grant and loan assistance to expand and preserve the supply of decent and affordable housing for low- and very low-income Pennsylvanians. Department of Housing and Urban Development through the annual entitlement appropriation process.
If you are having credit card debts, you can use a Balance Transfer Credit Card. This type of card typically comes with a promotional, low, or zero percent interest rate, which lasts usually 12-18, but in some cases could go for 24 months. Not have any unresolved building code or other property-related code violations. Be current with or in a payment agreement for all taxes and other indebtedness to the City. Construction of low rise wheelchair ramps , minor masonry repairs to cracked or damaged steps/sidewalk, repair of step, porch, floorboard and floor support.
It may even feel like you’re getting passed on to different representatives as you seek information. The main reason for this is that many home improvement grants in PA are not always right in front of you. Roof repair on historic homes is another obvious project you can check into.
Through our home financing programs, the URA helps hundreds of Pittsburgh homeowners create the dwellings of their dreams. Any borrower with a FICO credit score lower than 680 is required to complete a course prior to closing on their loan. Home modifications should be designed to meet the needs of the person with the physical disability who will be residing in the home.
Pennsvestprovides loans and PA home improvement grants to homeowners in need of repairing or replacing on-lot sewage equipment, installing better drinking and waste water management systems. All eligible uses must benefit very low-, low- and/or moderate-income households. Pennvest has a program that is being administered in conjunction with the Pennsylvania Housing Finance Agency and a series of local banks. This program offers low-interest funding for individual homeowners to pay for the repair or replacement of their malfunctioning on-lot system that serves their principal residence.
Conducting your application process online is great, but you’ll want to be aware of potential scams related to home improvement grants in Pennsylvania specifically. You must have demonstrated a timely payment record on their mortgage prior to the job loss or medical condition or event that produced the reduction of income for the homeowner. For grants, you must meet all the criteria above plus be age 62 or older and not be able to repay a repair loan. SRECs, also known as Solar Renewable Energy Certificates , let you earn credits for every kilowatt-hour of solar energy your system creates. Each year, you could make money by selling your solar credits in the SREC market. Unfortunately at the moment of write this guide their site was not working.
Mortgage Amounts
A PHFA approved homebuyer education provider or participating lender can help you decide. For example, funding can be received to tear down older, dilapidated homes and replace them with modern residential structures to help community development as a whole. Pennsylvania’sCore Communities Housing Programis a traditional assistance program aimed at improving homes and towns in Pennsylvania in the bigger picture.
Thanks to their volunteers, Habitat rehabilitates houses for families and people in need. They may be able to help with home repairs and updates to make your home safer. This organization relies on you, or some neighbors if you’re elderly, to put some of the work into your home repairs. You can apply through Habitat to learn about help available in your area. New construction and rehabilitation of housing units for affordable rental or homeownership opportunities; rehabilitation of owner-occupied dwelling units. Each programs have their own eligibility, so you need to verify with programs in your area to see info you meet the income eligibility level.
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