What are the terms of a CHIP loan?
CHIP provides loans at three percent (3%) simple interest (the interest does not compound). The terms for CHIP owner occupied loans are 25 years, and 15 years for non-owner occupied loans.

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1. Who is eligible for a CHIP loan?
2. Do I need to have good credit ?
3. How do I apply for a CHIP loan?
4. What happens after I apply for a CHIP rehabilitation loan?
5. How is the housing rehabilitation work paid?
6. How do I pay for the housing rehabilitation work?
7. What are the terms of a CHIP loan?
8. How is the housing rehabilitation work completed?
9. How can I become a CHIP approved Contractor?