Home Improvement/Repair

Working with both Fannie Mae and the City of Chattanooga, CNE's home improvement loans give homeowners the resources they need to make necessary repairs and improvements to their property. Interest rates for these loans vary from zero to six percent, and loan amounts start at $500. Homeowners can choose and hire their own contractors and within program guidelines, determine the kinds of improvements that are made. These options give the new homeowners a sense of pride about both their homes and their neighborhoods.

Conventional
Available to homeowners to, not only bring their house up to code, but if any equity is available in their house, to make repairs wanted. There are no income limits for this loan program.

Up-to-code
Available to homeowners who wish to bring their house up to code as required by local housing codes and HUD Housing Quality Standards. It is also available to those who want to improve the Visual Impact of their neighborhood. Those wishing to weatherize their homes and make non-essential repairs (dependant upon funds availability and affordability) can take advantage of this program. Income limits are restricted to those below 80% median income dependant on family size.

Emergency
Program is available to homeowners who wish to correct any health and safety hazards in their home. There are no income limits for this loan program.

Emergency Repair
This program is available to homeowners who wish to correct any health and safety hazards in their home. Income limits are restricted to those below 80% median income dependant on family size.

Weatherization
Program makes loans available to homeowners who wish to make their homes more efficient. Repairs can include: Roof Repairs, Storm Doors, Storm Windows or replacement windows, Heat & air systems and Insulation. There are no income limits for this loan program.