Covid Relief My Life Program

MY LIFE Home Repair/Debt Consolidation Assistance

Second Mortgage Guidelines


  • 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 as assigned by 2021 HUD chart.
  • Funds may be used for any purpose within home repairs and debt consolidation parameters.
  • Designed to provide cash flow relief due to COVID 19 quarantine challenges.
  • 2 years of interest only payments
  • Borrow up to 125% of what your home is worth – MUST BE A HOME OWNER
  • $30,000 limit

Eligible Properties:

Single family, owner occupied, principal residence.  Property to be located within the Commonwealth of PA.

Max and Min Loan Size:

$2,500 to $30,000

Maximum C L-T-V:


Interest Only Period:

***OPTIONAL 24 months interest only period (extends term if selected.)

Interest Rate:

Contact NHS for Current Market Rates – Range is 5.99% to 8.99% based upon credit profile.

Financing terms:

5,7-,10-,15- or 20-year Terms

Income Ratios:

Max 50%


2nd position or greater lien recorded against collateral primary residence.

Credit Score:



See Traditional NHS/PHLC Lending Guidelines

Budget Counseling:

* Borrower to meet for at least one (1) hour with an NHS Housing counselor individually.

Other Requirements:

$99.00 Non-Refundable Application Fee (to cover third party costs.)

Credit Requirements:

No major derogatory credit in the last 12 months (1st Lender Guidelines)