Last Updated on July 5, 2025 by The Insurance Pros
🏚️ Detroit Repair Loans Program (2025): What Homeowners Need to Know
If you’re a Detroit homeowner, the Detroit Repair Loans Program offers 0% interest loans to help with critical home repairs—but you must meet insurance and eligibility requirements to qualify.
🏠 What Does the Detroit Repair Loan Program Provide?
The program provides loans between $5,000 and $25,000 for single-family homes and up to $50,000 for duplexes (if the owner occupies one unit). Homeowners have 10 years to repay interest-free.
This initiative is a partnership between the City of Detroit, LISC Detroit, and Bank of America to address blight, promote safety, and boost housing stability in neighborhoods.
✅ Eligibility Requirements (2025)
- Own and occupy the home for at least 6 months before applying
- Minimum credit score of 560
- Property taxes and insurance must be current
- The applicant must demonstrate ability to repay the loan
- The program is open to low-income households citywide and others in designated priority areas
🔧 What Repairs Are Covered?
First, we must complete health and safety repairs. Eligible repairs include:
- Electrical, roof, and furnace repairs
- Garage and driveway repairs
- Windows and doors
- Structural issues and porch safety
🛡️ Why Homeowners Insurance Is Required
To receive loan approval, you must maintain active homeowner’s insurance. If you’ve been denied, you can apply through Michigan Basic, the state’s insurer of last resort for high-risk properties.
You may even finance your first year’s premium through the loan. Requirements include:
- Two denial letters from other insurance providers
- A quote from Michigan Basic
Need help? Call 248-277-4505 to speak with a Michigan Basic agent today.
📉 Don’t Risk Denial Get Protected
Insurance is required for loan approval. Please begin your quote now to prevent any delays.
📝 Get a Free Homeowners Insurance Quote
📊 Quick Reference Guide
- Loan Amount: $5,000–$25,000 (up to $50,000 for duplexes)
- Term: 10 years, 0% interest
- Location: Must reside in the City of Detroit
- Insurance: Required (Michigan Basic accepted)
💬 Detroit Repair Loans FAQ
🧾 Can I use the loan for cosmetic repairs?
🛡️What happens if my insurance application receives a denial?
🏠 Is this available across the city?
🔗 Additional Resource
Visit the official application site: www.detroithomeloans.org
📄 Download the Detroit Repair Loan Infographic
Prefer a quick reference? Download the full infographic guide here:
📥 Download: Detroit Repair Loan Guide (PDF)
