Home Repair Loans.
The NeighborWorks Alliance of
Vermont offers home repair loans with low interest rates and
affordable monthly payments. If you have too much consumer
debt, we may be able to work with you to reduce your other debt
so that you can afford to fix your home. Home repair loans
cover repair and replacement of essential systems, structural
problems, roofs, and weatherization. At no charge, our Rehab
Specialists write job specifications, approve insured contractors,
help coordinate and evaluate bids for the work, inspect the
work and manage payments to contractors so you don’t have
to worry. Loan eligibility is determined by the following income
limits and other factors. To apply for an loan, contact the
NeighborWorks HomeOwnership Center in your
region.
| Home Repair
Loans: Maximum Income by Household Size |
| |
1
Person |
2
Person |
3
Person |
4
Person |
5
Person |
Chittenden,
Franklin,
Grand Isle |
$42,050 |
$48,100 |
$54,100 |
$60,100 |
$64,900 |
Addison |
$37,300 |
$42,650 |
$47,950 |
$53,300 |
$57,550 |
Bennington |
$34,800 |
$39,750 |
$44,750 |
$49,700 |
$53,700 |
Caledonia,
Essex/Orleans, Lamoille, Rutland |
$34,350 |
$39,300 |
$44,200 |
$49,100 |
$53,050 |
| Orange |
$34,500 |
$39,450 |
$44,350 |
$49,100 |
$53,250 |
Washington |
$38,000 |
$43,450 |
$48,850 |
$54,300 |
$58,650 |
Windham |
$34,600 |
$39,550 |
$44,500 |
$49,450 |
$53,400 |
Windsor |
$35,850 |
$40,950 |
$46,100 |
$51,200 |
$55,300 |
Low-cost
Energy Loans.
NeighborWorks Alliance of
Vermont has 0%-3%
loans to make energy improvements, install alternative
energy technology, or weatherize your home. Loan amounts
can be reduced by using rebates from Efficiency VT (www.efficiencyvermont.com/homeperformance)
for weatherizing a home and/or heating system replacements.
The Save Energy Assistance Loan program offers:
- 0%-3% interest rate (different HomeOwnership Centers offer
different rates)
- Free project oversight and coordination
- Flexible terms to create an affordable payment; deferred
loans available to income-eligible customers
- Rebates for up to 30% of the weatherization
work performed by a Home Performance with ENERGY STAR® contractor
through Efficiency Vermont.
The Save Energy Assistance Loan program requires:
- Qualification for income, owner-occupancy, and other basic
eligibility requirements
- Energy audit by a Home Performance with ENERGY STAR professional
or Weatherization Assistance Program
- Improvements must be installed by a Home Performance with
ENERGY STAR contractor. Find approved contractors at www.efficiencyvermont.org
- Other health and safety code items found in the home must
be corrected as part of the loan.
To apply for the SEAL program through the
NeighborWorks HomeOwnership Center contact the housing loan fund
in your region.
Septic Repair
Loans.
Dealing with a failed septic system can be time consuming
and expensive. Please read the guidelines and income limits
on this page carefully!
All Vermont septic
systems fall under the jurisdiction of the Agency of Natural
Resources, which makes sure that all septic systems are
treated consistently and to protect human health and the environment. If
you need money to repair or replace your septic system, and your income
is below the limits on the well or septic charts (different income levels due
to funding sources!), contact the local NeighborWorks HomeOwnership
Center in your region.
We may also be able to help you with your septic design
costs.
Your regional NeighborWorks HomeOwnership
Center will send you an eligibility form. Return a complete
eligibility form so the Center can determine quickly if you
are eligible. If you are approved for a loan, your regional
HomeOwnership Center will guide you through the repair or replacement
process, help you locate qualified septic
system contractors, and will help coordinate required inspections
and documents.
Owners-occupied residences with existing septic systems do
not need a permit if there is nothing wrong with the septic
system and no changes to the system are made. Try to determine
on your own if the problem can be fixed with a minor repair.
Minor repairs do not require permits and include problems like
running toilets, excess grease or chemicals going into the
system or too many people using the system. Sometimes, the
problem can be easy to fix.
All new septic systems and replacement or modification
of existing systems require permits. The most common
reason for modification or replacement is the failure
of an existing one.
The Department of Housing and Community Affairs
has made resources available to the NeighborWorks® HomeOwnership
Centers of Vermont help affected homeowners. The following 80%
of HUD median income ceilings will be used to evaluate eligibility
for a loan:
| Septic
System
Repair Loans: Maximum Income by Household Size |
| |
1
Person |
2
Person |
3
Person |
4
Person |
5
Person |
Chittenden,
Franklin,
Grand Isle |
$42,050 |
$48,100 |
$54,100 |
$60,100 |
$64,900 |
Addison |
$37,300 |
$42,650 |
$47,950 |
$53,300 |
$57,550 |
Bennington |
$34,800 |
$39,750 |
$44,750 |
$49,700 |
$53,700 |
Caledonia,
Essex/Orleans, Lamoille, Rutland |
$34,350 |
$39,300 |
$44,200 |
$49,100 |
$53,050 |
| Orange |
$34,500 |
$39,450 |
$44,350 |
$49,100 |
$53,250 |
Washington |
$38,000 |
$43,450 |
$48,850 |
$54,300 |
$58,650 |
Windham |
$34,600 |
$39,550 |
$44,500 |
$49,450 |
$53,400 |
Windsor |
$35,850 |
$40,950 |
$46,100 |
$51,200 |
$55,300 |
If you are near these limits, please inquire as you may
be eligible!
If you think your system has failed, contact
a licensed wastewater system designer or engineer. You can
find one by calling 802-241-3822 and requesting a list of licensed
designers. Or, visit: www.anr.state.vt.us/dec/ww/ST/SiteTechList.pdf. The
licensed designer or engineer will help you determine if your
system is failed. If the licensed designer certifies
that your septic system has failed and needs a major repair
or replacement, you must get a permit and fix your system.
|
