Homeowners and Borrowers

People's/CHIF Home Improvement Loan Program

Homeowners who want to repair and/or renovate their homes can obtain financing through the People's Bank CHIF Home Improvement Loan Program. This program features a streamlined application process, a nominal application fee, and does not require an appraisal.

Click here to apply online

Loan Amount and Term

Eligible owners may borrow up to $10,000 at a fixed rate of 7.99% for a term of ten years.

Eligible Improvements

Following are some of the improvements eligible under the People's CHIF Home Improvement Loan Program:

  • Additions to the structure, finished attics, repair of termite damage
  • Remodeled kitchens and bathrooms
  • Elimination of health and safety hazards
  • New exterior siding and exterior painting
  • Roofing, gutters and downspouts
  • Reconditioning or replacement of plumbing, air conditioning, and electrical systems
  • Flooring, tiling and carpeting
  • Energy conservation improvements
  • Improvements for accessibility to the handicapped

People's/CHIF Home Improvement Loan Program FAQ
Or E-mail: loans@chif.org

Back to top

CHIF staff regularly confer with staff from the Connecticut Department of Economic and Community Development in administering the Energy Conservation Loan Program.

Staff from the City of New Britain discuss the transfer of their portfolio to CHIF for servicing. CHIF services three loan programs for New Britain.

CHIF Program Administrators are available to assist applicants with Energy Conservation and Home Improvement Loans.

CHIF offers a variety of loan programs for Connecticut homeowners. CHIF offers programs for first-time homebuyers, as well as programs for existing homeowners to make their homes more energy-efficient.