Our low-interest loans can be used for home repairs that improve a health and safety problem, correct a code deficiency, or help prolong the useful life of your home.
Loans can also be used to help pay for down payment and closing costs in the purchase of a home.
In addition, loans can be used by business owners toward community development projects such as façade improvements, and creating and improving upper-floor housing.
The terms and interest rate on a loan will vary according to the amount borrowed and the customer’s income and credit.
There are eligibility criteria for our loan program, including income guidelines and the purposes of the loan, among others.
After receiving your initial paperwork, our Loan Officer will review your application to determine your eligibility. If eligible, we will schedule an appointment with you to complete the loan application and review the details of our loan program.
The maximum loan amount is $15,000 for home repairs or down payment/closing costs, and $25,000 is the maximum for business loans. Each loan is secured with a note and mortgage.
For more information, please call 716-373-4100.