Property Improvement Loan Program (PIP)
MSHDA’s Property Improvement Program provides a low interest rate loan which can also provide you with assistance on deciding what kind of repairs are necessary to maintain or improve your home. The interest rate is 4% to 8% based upon gross household income. There is a monthly payment and a 4% origination fee ($200 minimum - $800 maximum). Homeowners can request a loan up to $25,000 with no equity requirement.  With equity, the homeowner can borrow up to $50,000.

Eligibility Requirements:

  • you are a reasonable credit risk, demonstrate an ability to repay the loan and meet MSHDA’s underwriting criteria
  • income cannot exceed $60,500 (If you live in the city of Benton Harbor or Benton Charter Township, income cannot exceed $74,750.)
  • proof of ownership (warranty deed)
  • taxes, and insurance paid and current

Applications are accepted anytime. If interested in more information, contact Katie Montoya at (269) 983-7111 x 8257 or send an e-mail to Katie Montoya.

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Berrien County Courthouse
811 Port Street, St. Joseph, MI 49085
Berrien County Administration Center
701 Main Street, St. Joseph, MI 49085
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Last Updated 4/22/2016   
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General Telephone: (269) 983-7111
From Niles, Buchanan, Galien: (269) 684-5274
From Three Oaks, New Buffalo, Lakeside, Union Pier: (269) 756-9571

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