The PHIL-Plus and Mini-PHIL Loan can be used for home repairs and paying off debts including past due utility bills. The Mini-PHIL would be a good choice for small repairs or energy conservation improvements. The PHIL-Plus is typically used for larger renovations or for adaption for elderly living. You can use up to half of either loan to pay off existing debt. Read below for details.
|
|
|
| Interest Rates (fixed) |
5.49-6.00% |
5.49-6.00% |
| Maximum Loan Amount |
$10,000 |
$25,000 |
| Loan Terms |
Up to 120 months |
Up to 240 months |
| Beginning Home Inspection Fee |
None |
$300-$350 |
| Maximum Debt Pay-Off Allowed* |
$5,000 |
$12,500 |
| Final Home Inspection Fee |
None |
Varies by inspection agency |
*Only up to half of the amount requested can be used for debt.
