Home Improvement Loans
All homes need maintenance, and West Side & Black Rock-Riverside NHS offer a variety of programs to finance home repairs for borrowers of all income levels . We offer low-interest, interest-free and deferred loans to help with home repairs, with rates and interest varying depending upon the specific program for which a homeowner qualifies. Services for all loans include inspections and construction monitoring to make sure our customers get the best work for their money.
To qualify for any loan, the home must be:
>> Owner-occupied
>> A one- to four-family dwelling
>> Current on property taxes, water bill and user fees
>> Located west of Main Street in the City of Buffalo
Specific qualifications for different loan products vary.
What it covers:
The loan includes the cost of repairs plus closing costs.* When we approve your loan, you'll also receive construction monitoring services from our construction specialists to ensure contractors complete work correctly and for a reasonable price.
We work with you to determine a reasonable payment, and we give priority to repairs that address building code violations, emergency conditions, and health and safety issues.
- Interest rate based on the prime rate + 3%
- Maximum loan term is 30 years
- All loans are secured by a mortgage
Through a grant from NeighborWorks America, we are offering some deferred, reduced fee and 0% interest loans to qualified homeowners. Click here for a detailed description of programs.
To apply: Call or email one of our Housing Specialists.
Micah Winship
mwinship@wsnhs.org
Tuesday-Friday, 8:00-6:00 (716) 877-3910
Julie Sands
jsands@brrnhs.org
Tuesday-Friday, 8:30-3:30: (716) 877-3910
To speed up the process, get your documents in order with our Document Checklist (PDF file).
*Closing costs include a title search, mortgage tax, recording fees, origination fees and construction monitoring fees.
