Frequently Asked Questions

No. Mobile homes in parks or trailer court are not eligible.

All people included in the Life Estate would be required to sign all loan documents.

The land contract holder would need to sign the loan/mortgage documents also.

Funds cannot be used to pay for work completed prior to loan approval.

Yes, an owner may act as their own contractor but will not be paid for their own labor. They must provide evidence of their ability to do the work and materials must be purchased and installed prior to payment.

Yes, owners choose the contractor they will use. Participants are required to get 3 bids from contractors of their choice. Contractors must carry liability insurance and provide income tax identification information to the Program Administration.