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Home Care Modification Loan Program

The Massachusetts Home Modification Loan Program greatly benefits elders and people with disabilities

The Home Modification Loan program was established by the Massachusetts legislature to provide loans to the primary, permanent residence of elders, and individuals with disabilities.

While many Commonwealth programs are facing budget cuts, long waiting lists and lack of resources, the Home Modification Loan Program is well funded and seeking applicants. The team at Ezra Home Care encourages everyone to stay safely in their homes.

How does it work?

The state-funded Home Modification Loan Program provides loans to make modifications to the primary, permanent residence of elders, adults with disabilities, and families with children with disabilities. Such modifications allow people to remain in their homes and live more independently in their communities.

Based on the income guidelines, from $1,000 up to $30,000 (inclusive of all costs) may be borrowed in either a deferred payment loan (DPL) or an amortized loan, which is secured by a promissory note and a mortgage lien, except in cases of loans that are under $2,500 which are only secured by the promissory note. An HMLP loan may be obtained only one time per property. Borrowers may not come back for more funding for the same property once their project is complete.

Homeowners eligible for a 0% DPL will not have to repay the loan until the property is sold or has its title transferred. 3% DPL or 3% amortizing loans must be repaid in 5 to 15 years, depending on the amount of the loan, and require monthly payment schedules.

For a free home safety assessment please contact us.

Sources:

Massachusetts Rehabilitation Commission

Founded in 2008, Ezra Home Care offers live-in home care, 24-hour care, and hourly senior care.
All our caregivers are state-certified and provide services like personal carehousekeepingcompanionship, help with medication, and transportation assistance. We've spent 15 years refining our caregiver selection process to ensure families' peace of mind. Reach out for details and quotes.

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or call us at 617-527-9000

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