The Home Improvement Loan Program (HILP) may be used for additions, garage construction, repairs, and remodeling (i.e., replace a roof, install new windows, a new furnace, or a central air conditioning system) of a veteran’s residence.
- Increase the equity, value and comfort of your home by making improvements.
- Fixed interest rates that will never increase starting as low as 6.25% and terms of up to 15 years.
- Borrow up to 90% of your home’s equity.
- Qualified applicants may apply for more than one HILP loan.