Home Improvement Loan Program
The Charter Township of Northville, through the federal Community
Development Block Grant Program, operates a Home Improvement Loan
Program. This program provides deferred repayment loans with interest
rates of zero (0%) percent. NO MONTHLY PAYMENTS REQUIRED.
The funds made available through this program may be utilized for a
wide range of home improvements, such as correcting code violations,
energy efficiency enhancements, physical accessibility alterations and
permanent general improvements.
Eligibility Requirements
- Must meet current income guidelines.
- Assets must be less than $50,000.
- Property Taxes and Utility Bills MUST be paid-to-date
- Applicant must be the owner and occupy the Northville Township
home.
- Land Contracts are not permitted.
Loan Requirements
$0 - $25,000 Loan Amount
- One-Time only loan.
- Required Code and Lead Based Paint Inspections. Correction of
code violations and lead based paint hazards are mandatory.
- Preference will be given to emergency repairs.
Maximum Gross Income Limits
(includes all persons living in home)
0% Interest Rate
1 person $39,150
2 person $44,750
3 person $50,350
4 person $55,900 |
5 person $60,400
6 person $64,850
7 person $69,350
8 person $73,800 |
Eligible Improvements
- Correction of local housing code violations
- Weatherization Improvements (i.e. windows, siding &
insulation).
- Physical Accessibility Improvements
- Permanent General Improvements
- Emergency Improvements
- Lead-based Paint Hazard Reduction
- Hot Water Tank Replacement
- Humidifier Installation
- Plumbing/Electrical Repairs
- Masonry Repair
- Sewer Cleanout
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Ineligible Improvement
- New Construction
- Materials, fixtures, equipment that exceeds that customarily
used in the neighborhood.
- Appliances not required by local housing code.
- Acquisition of land/property
- Refinancing of other debts
- Cost of materials for do-it-yourself projects
- Non-permanent general improvements (i.e. carpeting)
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Loan Repayment
A lien will be recorded to secure the loan. The lien shall remain
on the property until the borrower(s) sell the property or transfers
title to the home, at which time the deferred loan shall be repaid in
full. The lien will be discharged upon full repayment.
Processing fees are charged to each loan recipient. (Fees are
included in the loan amount).
Acceptance of this loan may affect your ability to obtain
future loans from other financial institutions.
To Apply
An applicant must provide the following information for their
application to be processed:
- State I.D. or Driver’s License
- Recorded deed or mortgage and any Quit Claim Deeds (no land
contracts)
- Homeowner’s Insurance (premium statement)
- Mortgage payment coupon book or statement
- Property tax receipts or statements
- Bank statements for the previous three (3) months for all
accounts
- Proof of all income, such as three (3) current pay stubs or
statement of benefits, PLUS current tax returns, W-2’, 1099’s
(Income of all household members 18+ MUST be verified)
- Divorce papers or Death Certificate for any former co-owner
listed on the deed, if applicable
- Electric, gas and water bills for the previous 12 months
• Consumer Energy (12 months) 1-800-477-5050
• Detroit Edison (12 months) 1-800-477-4747
• Charter Twp of Northville (Water) (12 months)
248-348-5820
**If you receive Social Security and do not have current proof of
income, call the Social Security Office to obtain a certified
statement of income. Social Security Office 1-800-772-1213
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