Homeowner Repair Loans
Repairs are done to improve the condition of your home. It can fix problems with your house like a leaking roof, failing porches, and peeling lead-based paint. The City of Racine Department of City Development offers homeowners home repair loans at low-interest rates and flexible terms to address housing maintenance issues.
The City of Racine Housing Repair Program provides project loans from $3,000-$50,000 per property for home repairs that meet City and State codes and home repair standards. Fixed interest rates range from 1% to 5% for a term of up to 20 years.



Who Qualifies?
Many homeowners within Racine qualify for a homeowner repair loan.
To qualify for a loan with the City of Racine, homeowners must be:
To be eligible for the Housing Repair Program your income must fall within the appropriate household size. All household income will be verified using the last 3 years of tax returns, wage stubs, etc.
HOUSEHOLD SIZE |
1 person |
2 persons |
3 persons |
4 persons |
5 persons |
6 persons |
30% Income |
$19,200.00 |
$21,950.00 |
$24,700.00 |
$27,400.00 |
$29,600.00 |
$31,800.00 |
50% Income |
$32,000.00 |
$36,600.00 |
$41,150.00 |
$45,700.00 |
$49,400.00 |
$53,050.00 |
60% Income |
$38,400.00 |
$43,920.00 |
$49,380.00 |
$54,840.00 |
$59,280.00 |
$63,660.00 |
80% Income |
$51,200.00 |
$58,500.00 |
$65,800.00 |
$73,100.00 |
$78,950.00 |
$84,800.00 |
Homeowners with mortgages are eligible as long as the ratio of the loan to home value is 120% or less. For example, a homeowner with a house valued at $100,000 who owes $110,000 on a mortgage can still borrow up to $10,000 for repair work.
There is a $300 application fee for Home Repair loans.