Holbrook Realty LLC
Holbrook Realty LLC
Robert Holbrook, Holbrook Realty LLCPhone: (972) 672-1431
Email: [email protected]

Funding options for home safety improvements

by Robert Holbrook 07/10/2024

Making upgrades to your home can improve its safety, but these types of upgrades aren't always cheap. If you're avoiding these upgrades due to the cost, keep in mind funding options are available. These funding options can make some projects more affordable.

Weatherization Assistance Program

The Weatherization Assistance Program is available for households with incomes below a certain threshold. This program provides services to help improve their home's energy efficiency and safety regarding heating, cooling and electrical usage. This program can also be used to replace older, less efficient and potentially unsafe appliances with new ones.

Home equity loan

A home equity loan lets you use the equity you've built up in your home to pay for home safety improvements. Keep in mind the amount you can borrow depends on how long you've owned your home, since equity builds up over time. You can choose between a lump-sum home equity loan, which typically has a fixed interest rate or a revolving line of credit.

A revolving line of credit allows you to use funds anytime you need it, which is helpful if you're planning to do multiple projects in the near future. This type of home equity loan typically has an adjustable interest rate.

FHA 203K Loan

This type of loan can be used to cover the cost of home repairs needed to improve safety. For example, you might use this loan to replace an old and worn roof or to replace corroded pipes or outdated wiring. You'll need to meet certain requirements to qualify for this type of loan.


Grants are available to help eligible homeowners make safety improvements to their home. Some of these grants include the VA Specially Adapted Housing Grant, HUD Community Development Block Grant Program and HOME Investment Partnerships Program. These grants are only available to those who meet certain requirements, such as income levels. Keep in mind only a limited number of grants are typically available.

Financial assistance for seniors

Some programs provide financial assistance for seniors who need to make upgrades to their home to improve safety. For example, the Area Agencies on Aging offers funding for modifications and repairs for older Americans, which helps ensure seniors can live in safe housing.

About the Author

Robert Holbrook

Robert J. Holbrook

Broker/Owner, Realtor™

Professional Designations:  CLHMS, CRS, CMA, ALHS, GRI, CRLS, ABR, SRES, ePRO

Headquartered in Plano, Texas, Holbrook Realty serves families with their real estate needs in Texas (#538582), Oklahoma (#170585), Colorado (ER.100038767) and Washington (#27953). Robert Holbrook, the Broker at Holbrook Realty, is also a mortgage broker in Texas and Colorado (NMLS #305616, CO MLO100538188). This additional experience helps our customers navigate the home selling and buying process with confidence and ease.