Must complete minimum of $5,000 of eligible improvements, that affect the health and
safety of the occupants. The mortgage must include one or more of the following:
Structural repairs and alterations. Includes such items as additions to the structure;
repairing any and all structural damage.
Improvement in the functionality or modernization. Includes such items as remodeled
kitchens and bathrooms.
Changes for aesthetic appeal, and the elimination of obsolescence. Includes such items as
new exterior siding; new doors.
Reconditioning or replacement of plumbing, heating, air conditioning or electrical system.
Energy conservation improvements. Includes such items as new double pane windows and doors,
storm windows,
insulation, solar domestic hot water systems.
Asbestos and underground oil tank removal or other health and safety improvements.
Lead base paint may be included.
Major landscape work and site improvements. Includes such items as patios,
terraces, wood decks.
Tree surgery not included.
Improvements for easier accessibility to the handicapped, may be included.
When basic improvements are involved, related items such as cooking ranges,
refrigerators and other appliances are
eligible improvements.
Painting and other cosmetic repairs by themselves are not eligible,
but can be included when part of a larger
rehabilitation and/or improvement program.
Improvements that do not become a permanent part of the real property are not eligible.
Luxury items that are not eligible: swimming pools; exterior hot tubs;
saunas; spas; tennis courts; barbecue pits;
K Mortgage Corp. home page.