If you own your home and need to make repairs or accessibility updates, we can help! Clinch-Powell can assist you with financing these repairs through one of our repair loan programs. The programs can be used to make non-cosmetic repairs that will weatherize your home and lower utility cost, repair structural issues, or provide updates to the home in order to improve accessibility to a resident with one or more disability.
Programs and Products
USDA 504 Home Repair Loan
Loan Terms and Benefits
- 20 year term
- Fixed Rate 1%
- Up to $7500
- No Lien put on home
- Must be in RD eligible area
- Property must meet some guidelines
- Must be considered very low income
- Must have stable income Ability to repay Borrower must occupy home
Clinch-Powell Home Repair Loan
Loan Terms and Benefits
- 100% Financing
- Up to 5 Year Term
- Fixed Rate 4%
- Up to $7500
- Must be in RD eligible area
- Property must meet some guidelines
- Income 80% AMI or below
- Must have stable income
- Ability to repay
- Borrower must occupy home
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Home_Repair|Home Repair
