How to

Help with Home Repairs and Modifications

When you buy a house, you have to take care of it well. But home repair and maintenance can be a challenge. You might not know where to start or what to do. You can hire artisans and call contractors, but they can be expensive, especially if your budget is tight. Plus, they might work slower than expected or not even fulfill their commitment.

For help with window replacements, door installation, exterior painting, or deck installation, check out Lifetime Exteriors here. But first, read to learn how to get help with home repairs and modifications.

Housing Improvement Program

The target population for the HIP is low-income Indians living in a designated tribal area. The program’s ultimate purpose is to eliminate the inadequate housing problem. The Bureau of Indian Affairs (BIA) and federally recognized Indian tribes run this housing grant program.

Grants for house repairs are available to Alaska Natives and members of federally recognized Indian tribes. For you to qualify for no-cost repairs and upgrades, applicants’ household incomes must be at or below 125 percent of the federal poverty level, as established by the Department of Health and Human Services. This grant is for people who live in a tribal service area.

Here are the criteria for the Housing Improvement program:

  • When an older adult lives in the home
  • The applicant’s annual household income should not be above TT $96,000
  • If a disabled person is a resident
  • Overcrowding in a home

Residential Rehabilitation Assistance

Native Americans can apply for this grant program if they want to convert a portion into an affordable rental unit.

As long as you meet the program requirements, such as renting the unit to low-income renters, eligible households can get completely forgiven loans that do not need to get repaid. You can earn $60,000 per unit. If that’s the case, add 25% to the total.

If you meet the requirements, this program might be a fantastic resource for establishing long-term financial stability.

203(k) Rehabilitation Mortgage Insurance

The Standard 203(k) program allows large-scale renovations and structural repairs that do not exceed $35,000. For a 203(k) loan, your projected repair costs must be at least $5,000, and you must work with a 203(k) Consultant certified by HUD. They ensure that the 203(k) loan process follows all FHA guidelines. Their responsibilities include making site visits, preparing the cost estimate, and inspecting the work in progress. 

Here are the 203(k) rehabilitation requirements:

  • Your credit score has to be at least 500, while specific lenders may have a higher requirement.
  • You will require a down payment of at least 3.5%, just like a regular FHA loan. A 10% down payment is necessary for credit scores under 580.
  • The Federal Housing Administration (FHA) loan limitations are at a maximum of $356,362 nationwide. Loans of up to $822,375 may be available to those who don’t live in a high-cost area.
  • A borrower cannot have a foreclosure within the last three years to qualify.

Fema Individual Disaster Assistance

The Federal Emergency Management Agency (FEMA) offers help if a natural disaster destroys or severely damages your home.

These programs give people who have lost or had significant damage done to their homes special attention as they work to rebuild their lives after a natural disaster. FEMA aid cannot replace the help provided by your insurer; it can help with costs that are not covered. FEMA provides the following help:

  • Rent hotels for uninsured applicants when homes get destroyed by flood. Always keep a duplicate receipt.
  • Help with emergency repairs after a natural disaster if the insurance doesn’t cover your expenses.
  • Help pay the rent on a temporary residence if the original home is uninhabitable.
  • Assistance in Repairing or Replacing Non-Insured Personal Property.

Disabled Veteran Housing Assistance

Assistance with housing costs is available for veterans with disabilities related to their military service or advanced age. The Veterans Administration provides you with a special housing allowance (VA).

Apply for a grant to fund the construction of a Specially Adapted Home (SAH) or an Adaptation of Existing Housing (AAH). 

Temporary Residence Adaptation may be available to those eligible for a SAH or SHA grant but are currently staying with family. It helps a family member make much-needed home improvements.

When deciding how to get help from others with repairs, modifications, or projects around your home, it’s essential to consider a few things first. For example, how much work will this project entail? What materials do you need, and where will you get them? And perhaps most importantly, can you handle this task on your own, or should you seek the services of an expert?

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