There are home modifications that help our seniors to live not only independently but also safely. There are also home improvement loans for seniors.
TGUC Financial can help you find a home improvement contractor as well as assist you with financing house improvements.
These home modifications and repairs help them maintain their homes and live in it for as long as possible.
By making our seniors’ homes more accessible and safer to live in, we can prevent risks and accidents such as falling or slipping which will make them more independent as well.
In addition, home updates can reduce energy usage, which lowers utility bills.
Furthermore, updating your home can help with preserving energy usage and lessens utility bills which is also very beneficial to our older adults.
The good news is that there are many financial assistance programs available to help people get needed home modifications.
There are numerous financial assistance programs which are available to help get the necessary home modifications for people.
Below are 7 organizations that offer home repair and modification assistance for seniors and you may contact them directly through the links provided by each organization.
7 Home Repair Assistance and Home Repair Loans for Seniors
1. Home energy update assistance programs
The Low-Income Home Energy Assistance Program or LIHEAP is great for households with low income. It helps with paying for cooling and heating energy expenses, weatherization, assistance with energy crises, and other energy-related home repairs.
As for the Weatherization Assistance Program or WAP, it offers financial help to homes that need updates and modifications to be energy efficient and weatherized.
2. Rebuilding Together
As a national nonprofit organization, Rebuilding Together provides help with home repairs and modifications in order to promote safety, independence, and health.
3. Area Agency on Aging
With the country’s Area Agency on Aging, you can find out more about home repair and modification funds which are provided by the Older Americans Act.
Other grants may be available through other local government programs as well. You may check with the country or city housing or also the community development department.
4. Sliding scale and reduced fee contractor services
There are some contractors who are more than willing to do home repairs and modifications for seniors at a discounted fee or on a sliding scale, which may also vary depending on their income.
When discussing estimates with your contractor, don’t forget to ask if sliding scale and reduced fee services is an option for your elder.
5. Insurance
There are some long-term care insurance policies that may cover some home modifications. You may check your senior’s policy for more details.
6. U.S. Department of Agriculture
The Section 504 Home Repair program offers grants to elderly homeowners with very low income to fix and prevent safety and health hazards.
Not only that, it provides loans to homeowners with very low income as well to help them improve, repair, or modernize their homes.
7. Medicare and Medicaid and Home Repair Loans for Seniors
Unlike the others, Medicare and Medicaid are not in the field of home repairs assistance, so they won’t pay for home modifications, but they will pay for durable medical equipment as long as it is with a doctor’s prescription.
This medical equipment may include a toilet safety frame, hospital bed, wheelchair, bath transfer bench, walker, and more.
Contact your elder’s assigned physician and discuss further whether the mentioned medical equipment can help improve their safety and health at home.
TGUC Financial Home Improvement Loans for Seniors
TGUC Financial can help you find a home improvement contractor as well as assist you with financing house improvements. TGUC Financial has loan opportunities for homeowners across the credit spectrum. If you are a homeowner and you need a home improvement loan, we can compete with other financial institutions and offer you a loan. Whatever your credit score, contact us today.
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