Loan Products for Northwest Rutland Revitalization

This program designed by NeighborWorks of Western Vermont is strongly focused on the Northwest neighborhood, a roughly ten block area in the northwestern section of Rutland, and its residents. The revitalization of buildings ensures they are not only safe and structurally sound, but also a source of pride for the community.

We offer the following Loan Products for Northwest Rutland Revitalization to invested homeowners and responsible landlords:

Rehabilitation Loans

Have a leaky roof? Aging knob and tube wiring? Foundation crumbling? Don’t put it off. We offer the financing to make your home safer. For plumbing, electrical, and structural work, try a Rehabilitation loan.

Rehab Loans

$3,000 to $40,000
NeighborWorks offers rehab loans for larger projects, such as roof, foundation, or HVAC repairs.  Exterior Improvements can also be included if the evaluator has called for them.

As with most large projects, NeighborWorks requires project management so that you as the homeowner and we as the lender stay informed and up to date about work as it progresses. There are no income restrictions. In certain cases these loans can exceed appraised value, so NeighborWorks may offer affordable financing where other lenders refuse.

Click here to contact our lender for more information!

Exterior “Facelift” Rehab Loans

Up to $3,000
Do you have a small exterior project in mind?  This loan hassle-free loan is designed for those who want to spruce up the exterior of their home and enhance curb appeal. For smaller, aesthetic projects that make you proud to be a homeowner, these loans offer you the financing to make them happen.

Click here to contact our lender for more information and to fill out an application!

Landlord Loans

$5,000 to $40,000
At NeighborWorks, we support responsible landlords. This is why we offer our Landlord Loans for rehabilitation projects on multi-family homes, including exterior improvements. We want to help you provide your tenants with healthy and safe apartments. NeighborWorks requires a management plan and project management to keep everyone informed during the course of the rehabilitation.

NeighborWorks may be able to exceed appraised value in certain circumstances because unlike traditional lenders, our mission is to make sure everyone can afford safe and healthy housing.

For more information, send us an email or give us a call!

Contact us for more information on our Rehabilitation loans or give us a call at 802-438-2303 or use our contact form.

Purchasing Loans

Does owning your own home feel out of reach? You may be able to become a homeowner sooner than you think! We offer assistance for down payments as well as rehab loans so that you can invest in that fixer-upper! These loans are designed for single-family homes and rental properties.

Down Payment Assistance Loan

$15,000 to $40,000
Interested in becoming a homeowner but daunted by the obstacle of coming up with 20% of the purchase price? NeighborWorks can help!

Here at NeighborWorks, we know that saving for a home can be difficult even for responsible individuals. That’s why we offer a Down Payment Assistance loan to help you get over that hurdle. Our second mortgage means you can avoid paying costly mortgage insurance to your bank.

For more information, contact us or give us a call!

Purchase with Rehabilitation

Up to $100,000
Interested in a property that needs a little love? NeighborWorks is excited to offer loans that include funds for both the purchase and rehabilitation of properties. So don’t let that crumbling foundation or leaky roof keep you from owning your dream house!

Loans available include $30,000 – $60,000 for purchase and up to $40,000 for rehabilitation.

Give us a call today to learn more about these loans.

Landlord Acquisition & Rehabilitation

$15,000 to $100,000
Interested in buying a rental property and becoming a landlord, but don’t have the financing for making the repairs necessary to meet health and safety standards? NeighborWorks can help!

We offer an Acquisition and Rehabilitation loans to help interested landlords purchase and rehab rental properties that need a little love to get them ready to rent. A management plan and project management are required for these loans.

For more information, send us an email or give us a call!

If you’re interested in a loan to purchase in the Northwest Neighborhood call us at 802-438-2303 or use our contact form.

Contact us!

Are you interested in talking with a NeighborWorks of Western Vermont representative about homeownership, education, lending, home repair, or home energy efficiency? Contact us!

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