- Low fixed rates, 3% APR and 5% APR*
- Interest is often tax-deductible
- Borrow up to $25,000
- No application fees
- No recording fees
- No points
- Terms up to 20 years
To be eligible for a PHIL loan, the property must be an owner-occupied residence located within the City of Philadelphia. Single-family residences may contain between one and four residential units.
PHIL loans are available from participating lenders in the Philadelphia area. For more information regarding the application process, interest rates and eligible home improvements visit http://www.philaloan.com/.