Posts Tagged ‘home loan’

Home Rehabilitation Loans Available

Wednesday, January 6th, 2010

Neighborhood Housing Services of Lackawanna County (NHS) is pleased to introduce its new Home Rehabilitation Loan. This income-eligible product provides funds in the form of a low?interest loan designed to address emergency repair needs and/or long?term safety, energy efficiency or livability improvements for area homes. NHS is especially committed to working with homeowners who may have difficulty obtaining financing through traditional methods.

Loans are available for:

  • Roof Repair
  • Water heater replacement
  • Furnace Replacement
  • Windows
  • Insulation

The Home Rehabilitation Loan was designed by Neighborhood Housing Services of Lackawanna County (NHS) to address the home rehabilitation needs of (primarily) low to moderate (up to 100% of HUD Area Median Income or AMI) income families in our region. However, due to the current economic climate, borrowers with a gross income of between 100% and 150% of HUD AMI will also be eligible for this product at the discretion of NHS. Specific borrower guidelines are:

Household Size 100% AMI 150% AMI
1 $39,600 $59,400
2 $45,300 $67,950
3 $50,900 $76,350
4 $56,600 $84,900
5 $61,100 $91,650
6 $65,700 $98,550

For more information on NHS’s Home Rehabilitation Loan and more specific eligibility criteria, you can download the informational PDF or call David J. Gaiardo at 570-558-2490.