About Our Program
Fix Your Home
Maintaining the quality of your home is vital both to you and the community. NHS Greater Berks offers several loan and grant products to ensure the quality of your home, maintain the value of your home, and enhance the appearance of their neighborhoods.
Current loan and grant products available are:
Affordable loans available to homeowners of modest means to make critical home repairs, facade improvements and handicap accessibility improvements.
This is available to qualified owner occupant(s) of a single family residential property in Berks County. Residents of “Ricktown” may also qualify for an additional $3500-$5000 deferred payment loan. The Ricktown area in the City of Reading is also known as the 6th Ward or “North of the GoggleWorks”.
Replace or Repair Heating System
Energy Efficiency Improvements
Mechanical Repairs and Structural Items
The HomeOwnership Center
The HomeOwnership Center offers homebuyer education, counseling and lending services. We promote and support an approach that combines financial education (to share basic skills and knowledge), financial counseling (to relieve specific issues and challenges in the short term), and financial coaching (to encourage behavior change and achieve positive and sustainable long-term outcomes).
Home Ownership Center’s
Services and
Resources Include:
Homebuyer education seminars
Individualized pre-purchase counseling
Home inspection requirement guidelines
Affordable first-mortgage resources
NHS Down Payment and Closing Cost Assistance loans
Information about how to find a realtor
Post-purchase counseling
The Objective
My Life Home Repair/Debt Consolidation Assistance
Neighborhood Housing Services of Greater Berks (NHSGBI) offers Home Repair and Debt Consolidation Assistance Second Mortgage Program for qualified low to moderate income residents of PA.
105% or lower of the Area Medium Income.
Funds may be used for any purpose within home repairs and debt consolidation parameters.
2 years of interest only payments
Borrow up to 125% of what your home is worth – MUST BE A HOME OWNER
$30,000 limit
Second Mortgage Guidelines
1- unit Single family, owner occupied, principal residence. Property to be located within the Commonwealth of PA.
$2,500 to $30,000
125%.
***OPTIONAL 24 months interest only period (extends term if selected.)
Contact NHS for Current Market Rates – Range is 8.990% to 10.990% based upon credit profile.
| SCORE | RATES | SCORE | RATES |
| 761+ | 8.99% | 681-700 | 9.99% |
| 731-760 | 9.25% | 661-680 | 10.25% |
| 716-730 | 9.50% | 641-660 | 10.50% |
| 701-715 | 9.75% | 621-640 | 10.75% |
| 580-620 | 10.99% |
5,7-,10-,15- or 20-year Terms
Max 50%
Max 50%
2nd position or greater lien recorded against collateral primary residence.
620 (case by case)
$1,100.00 average closing cost NHS fees included with the loan.
* Borrower to meet for at least one (1) hour with an NHS Housing counselor individually.
$99.00 Non-Refundable Application Fee (to cover third party costs.)
No major derogatory credit in the last 12 months (1st Lender Guidelines)