PixieCat
Is there a special program for people like me – government or otherwise? My bank will not make me a home equity loan because they say my income-to-debt ratio will be too high. The “energy efficiency” program offered to low income people with older homes has a 5-8 year wait in my part of Texas. Hurricane Rita affected my roof – but not enough for my home-owner’s insurance to cover. State Farm said my roof was already over 15 years old and probably needed to be replaced anyway. They also said that the damage was not severe enough -just multiple leaks but no shingles torn off. I need a NEW ROOF most of all, especially before there’s anymore damage inside my home. Does anyone know where I can turn for a loan or a grant? Thank you, Terri
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Is there a special program for people like me – government or otherwise? My bank will not make me a home equity loan because they say my income-to-debt ratio will be too high. The “energy efficiency” program offered to low income people with older homes has a 5-8 year wait in my part of Texas. Hurricane Rita affected my roof – but not enough for my home-owner’s insurance to cover. State Farm said my roof was already over 15 years old and probably needed to be replaced anyway. They also said that the damage was not severe enough -just multiple leaks but no shingles torn off. I need a NEW ROOF most of all, especially before there’s anymore damage inside my home. Does anyone know where I can turn for a loan or a grant? Thank you, Terri
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Are you a senior citizen (62)? If so, you can get a Reverse Mortgage, where you borrow against the equity in your home, and don’t have to worry about a minimum income to make payments every month. It is paid back when you move.
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i would check the hud websites.
good luck
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Check this out:
not 100% sure though….
Hope this helps,
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I would check into reverse mortgages. Do a google search for that, to get good info, and go from there. Also, there are supposed to be grants and loan guarantees from FEMA and HUD…but I understand they are really, really dragging their feet on doing them. I might also talk to a financial planner through a well know firm like Edward Jones, AG Edwards etc. for any ideas that they might have.
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Hi,
I understand where your coming from Terri my name is Eli and i work for Countrywide Home loans one of the largest mortgage lenders in the nation. We specialize in low income an fixed income as well. What i can do for you is a free consolations to see what i can for you.
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Try charitable orgs like Catholic Charities or Jewish Philanthropies in your area. If you are a senior, you may qualify for a reverse mortgage.
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Are you a senior citizen (62)? If so, you can get a Reverse Mortgage, where you borrow against the equity in your home, and don’t have to worry about a minimum income to make payments every month. It is paid back when you move.
i would check the hud websites.
good luck
or
Try charitable orgs like Catholic Charities or Jewish Philanthropies in your area. If you are a senior, you may qualify for a reverse mortgage.
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take out a equity loan
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look for some magic agents, those that does anything for a little commission.
:> peace
.