Get the Lead Out Loan Program

Program Information:

  • Available to investor-owned and owner-occupied properties that have from 1-4 units.
  • The owners is responsible for getting a lead inspection and finding a contractor, although assistance is available to help with the contractors and project oversight.
  • Maximum loan limits ranging from $30,000-$45,000 depending on the number of units in the property.
  • NewVue Communities will assist you in determining your eligibility and completing a loan package to send over to one of our approved lenders.

Basic Eligibility & Loan Terms:

  • Investor-Owners:
    • All loans are 3%, fully amortizing.
    • Loan terms are from 5 to 15 years, based on the loan amount and borrower qualifications.
    • Investors must rent to income-eligible tenants.
  • Owner-Occupants:
    • 0% deferred interest rate loan – this means you don’t need to pay it until you were to sell or refinance the property
    • There are no closing costs
    • Must meet the income guideline (see table below)
Maximum Income*
City/Town 1-2 person household 3+ person household
Ashburnham, Athol, Clinton, Fitchburg, Gardner, Leominster, Lunenburg, Petersham, Phillipston, Royalston, Sterling, Templeton, Westminster, & Winchendon $86,100 $99,000
Groton $92,900 $106,800
Ashby, Ayer, Shirley, & Townsend $97,800 $112,400
Harvard & Lancaster $109,100 $125,400

To talk to one of our HUD Certified Housing Counselors about the loan program today, call 888-978-6261 or email lead@nvcomm.org