Rapid Home Improvement Loan Eligibility Guidelines
Rapid Rehab Home Improvement Loan
This Rapid Rehab Home Improvement loan allows customers to borrow up to $20,000 at a 6% fixed interest rate up to 10 years. Customers do not need to have equity in their homes to qualify, which makes this an attractive loan for new homeowners. Use this loan to cover any renovation projects or energy-efficient repairs.
ELIGIBILITY:
– Apply for up to $20,000
– No Equity Needed
– Receive Funds Within 30 Days
– 6% Fixed Rate Payable up to 10 years
– Use for Any Home Renovation Project or Energy-Efficient Repairs
– No Income Limit
– Credit Score 680 or Above
– Primary Residence
– Baltimore City only
For more information contact NHS at:
See requirements
LOANS
Up to $20,000
REPAYMENT TIME
Up to 10 years
INTEREST RATE
6% Fixed
EMPLOYMENT
Must be employed continuously for 1 year
REPAYMENT SCHEDULE
Monthly ACH payment optional
BANKING REQUIREMENT
Must have bank account
UNDERWRITING
Must have an ability to repay the loan
CREDIT
Credit score 680 or above.
SUPPORTING DOCUMENTS
- Copy of declarations page of your homeowner’s insurance policy
- Proof of income for all borrowers (last paystub with YTD income or award letters if applicable)
- Copy of Federal Tax Returns from the last 2 years if you are self employed
- Most recent bank Statements
- Copy of picture I.D. (e.g., driver’s license)