Government programs can make home repairs and renovations more affordable. Find out if you are eligible for home improvement loans and learn how to apply.
The federal government does not offer "free money" to individuals to repair or improve their homes. Websites and ads claiming to offer "free money from the government" are often scams.
The Department of Housing and Urban Development (HUD) offers loan and assistance programs for home repairs and improvements. Eligibility requirements vary for each program. Your eligibility may depend on:
HUD home improvement loan programs can help with home repairs and improvements. Some programs are available nationwide, while others are only available at the state or county level.
You can use HUD Title 1 property improvement loans for remodeling your property, repairs, or other improvements. This program offers loan amounts and repayment terms based on the type of property you have.
The 203(k) rehabilitation mortgage insurance program lets homebuyers and owners finance up to $35,000 into their mortgage. You can use these funds for home repairs or improvements.
Homeowners over age 62 may qualify for a type of home loan known as reverse mortgages. The Home Equity Conversion Mortgage (HECM) program is the only reverse mortgage insured by the government.
The HECM lets you withdraw some of your home’s equity to use for home maintenance, repairs, or living expenses.
Your local or state government may offer loans or home repair programs. Find your local government website or your state website. Search for its housing department to learn about programs in your community.