| Home Improvement Loan |
Summary
| Background
|
HOME IMPROVEMENT LOANS
| CAN
ANYONE QUALIFY? If you live in Redwood City and if your income falls at or below the income guidelines on the chart below you may qualify for this program. |
| # of Persons | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Household Income | $63,350 | $72,400 | $81,450 | $90,400 | $97,700 | $104,950 | $112,200 | $119,450 |
WHAT ARE THE TERMS, AND HOW MUCH CAN I BORROW?
* Fully amortized loan are a fixed 3% interest rate
* Loans can be up to $65,000 for single-family homes
* Loans can be up to $30,000 per unit on investor property
* Most loan terms are 15 years but can be between 5-15 years
* In some cases we offer Emergency grants up to $2,000
CALL 780-7290 FOR MORE DETAILS
Copyright © 2002. The City of Redwood City, Housing. All rights reserved.