Home Improvement Loan Program

The Housing Authority’s home improvement loan program loans of up to $60,000 to low-income homeowners who live outside the city limits of Everett and Bothell, but within Snohomish County.

Who is eligible for loans?

You may qualify if your income is below these income limits:

• Household of 1 - $43,050
• Household of 2 - $49,200
• Household of 3 - $55,350
• Household of 4 - $61,500
• Household of 5 - $66,400

In addition, you must own and occupy your property. Priority is given if you are handicapped or disabled, very low income, or in critical need.  Your property taxes must also be up-to-date and you must have current homeowner’s insurance.

What type of work can be financed?

Health and safety issues, energy conservation work, and general improvements needed to make the house more livable may be eligible for financing. These may include roofs, foundations, dry rot, electrical, plumbing, heating and handicap accessibility.

We will help you to: identify what needs to be done, complete bid specifications, monitor the construction and complete all paperwork.

What are the terms of the loan?

The loan is a low interest, 30-year loan, with payment terms adjusted to the homeowners' ability to make monthly payments. The loan must be secured by the property which is to be repaired. Current interest rates are:

        3% if household is below the income limits listed above,

        0% if the household is very low-income

        0% with deferred payment if household is elderly or handicapped/disabled.

What does it look like?

Take a look and see the kind of difference this program can make for you.

To learn more or to apply:

Call Jackie at the Housing Authority of Snohomish County, at 425-293-0555.  You will be asked to provide information about your income, household size and mortgage balance.

Other Resources:

If you live in Everett, the City of Everett's CHIP program serves those within Everett's city limits. CHIP can be reached at 425-259-8735.  In Bothell, you can contact King County’s Housing Repair Program at 206-263-9095.