Home Improvement Loan (HIL)

A Home Improvement Loan (HIL) is a Home Mortgage to finance permanent improvements for energy conservation, solar installation, rehabilitation, modernization or addition. Home Mortgage A Home Mortgage is a Mortgage secured by a First Lien on real estate on which there is located a structure designed principally for residential use by one to four families. A conventional Mortgage is a Home Mortgage other than a Home Mortgage guaranteed or insured by the federal government. in the Guide. Home Possible Mortgage® A Mortgage that offers underserved qualified Borrowers flexible underwriting, low down payment options and other special underwriting features.