Home Improvement Loans

The upkeep of a home is extremely important to maintain a healthy and safe environment, but even the smallest repairs can be cost-prohibitive. We provide flexible home improvement loans with affordable rates and expert guidance to assist you in maintaining and modernizing your home. We specialize in health, safety, and code issues.t

Common Home Improvement Loan Upgrades:

Home Renovations
  • Additions
  • Kitchen Updates
  • Total bathroom overhaul
  • Curb appeal updates
Healthy Home Improvements
  • Removal of carpet or fixtures that may be affected by above items.
  • Mold remediation
  • CO remediation
  • Mitigate radon gas
  • Reduce asthma triggers
Energy Efficiency Improvements
  • Installation of storm doors
  • Siding
  • Wall and attic insulation
  • Conversion, modification, or replacement of heating and cooling equipment
  • Improvements in water use
Critical Repairs
  • Furnace
  • Roof
  • Foundation
  • Windows and doors
  • Plumbing and electrical

Home Improvement Loans

We provide flexible home improvement loans with affordable rates and expert guidance to assist you in maintaining and modernizing your home.

Terms of our loan are based on income, location, and ability to repay.

Terms:
  • Amount: up to $45,000
  • Term: 5 – 25 years
  • Interest Rate: 3% – 5%
Eligibility:
  • Income: At or below 120% of Area Median Income ($96,000 for a family of four)
  • Location: Salt Lake County
  • Types of homes: Single-family Homes, Condominium Units

Green & Healthy Homes Initiative

The Salt Lake County Green & Healthy Homes Initiative Program (GHHI) can help you make your home healthy, safe, and more energy efficient by making critical repairs and addressing items contributing to health issues. GHHI provides assistance through grants and low interest loans (0.0% – 3% based on income) to eligible homeowners.

Eligibility and Terms:
  • Income: Household with incomes of 80% Area Median Income or below
  • Location: Murray City, Utah
  • Types of homes: Single-family Homes, Condominium Units, Manufactured Houses

0% Deferred Loans for Seniors

We provide home improvement loans for seniors (ages 65+) which are deferred loans with 0% interest. These loans require zero payments until ownership on the property is transferred. NeighborWorks Salt Lake offers this loan to help homeowners who need to make critical home upgrades but are living on a fixed-income and/or who have trouble qualifying for a conventional loan.

Terms and Eligibility:
  • Income: Households with incomes of 80% Area Median Income or below
  • Location: Salt Lake County, UT
  • Types of homes: Single-family Homes, Condominium Units

Questions?

Send us a message and we’ll get back to you as quickly as possible to answer any questions you may have about our Home Improvement Loans.

Learn More & Apply!

Create a profile in Compass to begin the application process.
Important!

Compass, our customer portal, was created for Homebuyer Development and has not been customized for Home Improvement loans. Please answer (or make up answers) to the seemingly irrelevant questions to complete a profile. We will contact you with more information after you’ve created a profile in Compass.

NeighborWorks® Salt Lake
Salt Lake Office
622 West 500 North
Salt Lake City, UT 84116
Phone: 801-539-1590
NMLS #395931

NeighborWorks® Salt Lake
Murray Office
4843 S Poplar Street
Murray, UT 84107
Phone: 801-539-1590
NMLS #395931

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