DWELLING ACCESSIBILITY MODIFICATIONS
FOR LOANS UNDER $2500: Mini-Loan Fund
The Mini-Loan Fund offers loans up to $2500 for Assistive Technology.
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Cost: 1% calculated on AT equipment cost only (not including tax, shipping, etc.) assessed and added to the amount of the loan at inception. (ex: for $2,500 the fee is $25)
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24 month loan term
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“Exhibit A” form will detail equipment description.
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Please contact: contact@matlf.org for inquiries about the program.
FOR LOANS OVER $2500:
HMLA Fund
The Home Modification Loans for Accessibility (HMLA) fund offers borrowers up to $15,000 for Assistive Technology.
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The home does not have to be “paid off.”
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This is a term loan with a 5% interest rate.
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The loan offers a term of up to 120 months.
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Contact: service@matlf.org with questions.
MATL Fund
The Michigan Assistive Technology Loan (MATL) offers borrowers up to $30,000 for Assistive Technology.
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This loan is offered through our partnership Michigan State University Federal Credit Union (MSUFCU). MSUFCU will assist with loan payout, related services or resolving payment problems.
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The loan rate is 4.99% APR.
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Contact: service@matlf.org with questions.