Home Rehab & Repair Loans

If you already own a home, but it is in need of serious repairs, NeighborWorks® Dakota Home Resources has services to help you fix your home.

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Home Rehab

NeighborWorks® Home Repair & Rehab Loan Programs

We offer low interest rate loans, deferred loans and forgivable loans to assist you with repairing or replacing your homes electrical, plumbing , furnace, water heater, roofing, decks, steps, windows, doors and other life safety issues.

Home Rehab Loan
  • $1,000 to $15,000 loan amounts (or an amount approved by SDHA)
  • 0% interest and NO monthly payments (5 Year forgivable loan)
  • Income limit is 80% of the area median income (AMI)

 

HOF Rehab Loan (HOF)
  • $1,000 to $10,000 loan amounts (or an amount approved by SDHA)
  • 0% interest and NO monthly payments (30 Year deferred loan aka due on sale, transfer of title, cashout refinance or the home ceases to be primary residence)
  • Income limit is 115% of the area median income (AMI)

 

NLS Rehab Loan (NLS REHAB)
  • Loan amount varies with program
  • 3% interest rate 
  • Income limit is 115% of the area median income (AMI)