INTEREST RATE

2%

MAX INCOME

Up to 160% AMI

MAX LOAN AMOUNT

$40,000

REPAYMENT OPTIONS

up to 20 years

WHO CAN APPLY

Deed Restricted homes that are owner occupied

WHAT DOES IT COVER

HOA Assessments, approved capitol improvements and maintenance repairs

Click here for the HOA Special Assessment and Maintenance Loan Program Guidelines

Are you ready to apply?

Please review the checklist below before submitting an application.

If you have any questions about the loan, please reach out to [email protected] or [email protected] for assistance.

  • Are you Facing an HOA Special Assesment?

    SCHA will need to contact information for the HOA and receive documentation regarding the HOA charges. The funds will be given directly to the HOA property manager.

  • Is your home in need of maintenance?

    SCHA will assist with maintenance needs on the approved capital improvement list. Please reach out if you are unsure if the needed repairs are approved.

  • Do you have a hired contractor for the repairs?

    SCHA will submit the payment to the contractor doing the work, not the homeowner.

  • Are you a deed restricted homeowner?

    The loan program assists deed restricted homeowners in Summit County – the unit must be owner-occupied.

  • Have the repairs been completed?

    SCHA will only approve a loan before the work has been completed. If you are reaching out after the work has been finalized, SCHA will not move forward.

Click here to Apply!

Please review all of the questions above before submitting. Once the application is completed, a staff member will review and return it for signatures to complete the submission process.