Home Improvement Loan Program
Low-interest-rate loans to make non-luxury improvements to your home
The Home Improvement Loan Program (HILP) provides affordable, fixed-rate loans to help homeowners improve and maintain their homes. Eligible improvements include, but are not limited to, enhancing basic living conditions; safety or energy efficiency; adding, altering renovating, or repairing a home; making a dwelling fully accessible for persons with physical disabilities; bringing a home up to standard state or local building codes.
Home Improvement Loan Program Features
- Loans have fixed interest rates and no hidden fees
- Loan amounts between $7,500 and $50,000
- Flexible underwriting guidelines
- Loans serviced by MassHousing
- Closing costs can be rolled into the loan
Eligibility
To be eligible for HILP, borrowers must
- Meet income eligibility requirements
- Be the owner-occupant of a 1- to -4-family home, including condominiums
- Have lived in the home as their primary residence for at least one year
- Have good credit and stable income
Learn More and Apply
HILP loans are originated by participating lenders across Massachusetts. To learn more about the program or to apply, contact a participating lender.
| Lender | Address | Telephone |
|---|---|---|
| Avidia Bank | 42 Main Street Hudson, MA 01749 |
800.508.2265 |
| Bank of Canton | 490 Turnpike Street Canton, MA 02021 |
888.828.1690 |
| BankFive | 79 North Main Street Fall River, MA 02720 |
774.888.6100 |
| Bristol County Savings Bank | 29 Broadway Taunton, MA 02780 |
508.828.5300 |
| Fidelity Cooperative Bank | 9 Leominster Connector Leominster, MA 01453 |
800.581.5363 |
| Greylock Federal Credit Union | 150 West Street Pittsfield, MA 01201 |
800.207.5555 |
| Holyoke Credit Union | 490 Westfield Road Holyoke, MA 01040 |
413.532.7007 |
| Main Street Bank | 6 East Main Street Southborough , MA , 01772 |
508.481.8300 |
| Monson Savings Bank | 146 Main Street Monson, MA 01057 |
413.267.4646 |
| Nectar Community Investments | 50 Island Street, Suite 103 Lawrence, MA 01840 |
978.252.2095 |
| StonehamBank, A Co-operative Bank | 80 Montvale Ave. Stoneham, MA 02180 |
888.402.2265 |
| The Cooperative Bank | 40 Belgrade Ave. Roslindale, MA 02131 |
857.203.9562 |