Is this a secured loan?

Yes, both of the loans offered through the program are secured through an encumbrance (lien) on your property’s title (similar to a second mortgage).

Show All Answers

1. What kind of rehabilitation work can NPP provide?
2. How much money can I receive, where does it come from, and when must I pay it back?
3. Who performs the rehabilitation?
4. Who decides what work will be performed?
5. Is this a secured loan?
6. What are the requirements for contractors looking to bid on rehabilitation projects?
7. What constitutes a “household”?
8. What does the term “owner-occupant” mean?
9. Is a credit check required?
10. What if I’m going through a bankruptcy?