Government Loans in Macomb County for Housing Repairs-ZERO INTEREST!
It's almost spring, you have sat around all winter long thinking about repairs that your home may need. You know what the list has on it, repair roof, new furnace, and the list goes on, and on...One huge problem, no MONEY!...Sure you are current on your mortgage payments, homeowners insurance and property tax payments. That still does not solve your problem of lack of funds and no money. O.K. here it is...the Department of Housing and Urban Development (HUD) is offering certain areas of Macomb County deferred, zero-interest loans of up to $20,000.00. The program is called the "Home Repair Assistance" program, and certain communities are eligible.
The loans are deferred until your home is sold to a new owner, and then at that time they are due in full. The program does have certain household income levels. This program is geared toward the overall economic stability of the neighborhoods. This is how to get started and get the information, you can find the guidelines and application at www.macombcountymi.gov/mcped or by calling (586) 469-5285.
One question that I am always asked by a Seller is, "When should I fix the leaking roof? Now? Or right before I am ready to sell?" If you are having a hard time selling, due to refurbishing issues, this is the answer. This spring, take advantage of the program with zero-interest and a deferred payment until the closing date.
Then call me and we will put a marketing plan into action to list and sell your home. Your home will stand out from the rest having many repairs just completed!