The Home Modification Loan Program Is A “Huge Untapped Resource” For The Berkshires
November 26, 2024
The Home Loan Modification Program is helping families across the Commonwealth enhance their properties’ accessibility. The story below from The Berkshire Eagle features a Williamstown couple that recently utilized the HMLP to help improve the home they purchased two years ago. Despite the significant benefits, the couple was only one of a few residents in Berkshire County to take advantage of the loan program. One of those benefits: the loan only has to be repaid if sells or transfers their property within the loan’s 50-year mortgage period. Furthermore, the income limit to apply for a loan rests at almost $300,000 for a family of four.
The Home Modification Loan Program is a “huge untapped resource” for the Berkshires. Here’s how it works. Read More
The Berkshire Eagle
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