The Home Improvement Loan Program began about 30 years ago. It was offered as an additional benefit to help SWHEAP members upgrade their home with the opportunity to increase its value. The Home Improvement Loan Program offers members 4 programs to choose from. Members still have to apply at participating banks: Marquette and Hoyne.
Members of the Southwest Home Equity Assurance Program can apply for the Home Improvement Loan at Marquette National Bank or Hoyne Federal Savings Bank.
The process is the same as for a regular home equity loan: and applicants must be approved by the lending institution. Once approved, you must use the loan for future repair, maintenance, remodeling, alteration or improvement of the landscape in the guaranteed property made from date of application to a period no longer than six months. Any home improvements made prior to the date of application are ineligible for the subsidy payment.
Our office will be closed for the holiday season on the following:
Thursday, November 24
Friday, November 25
Monday, December 26
Monday, January 2
SWHEAP wishes you, your family and friends a lovely holiday season!