The Fixed Home Renovation Loan offers a loan term of up to 360 months (30 years) and begins with a 9-month interest-only construction period followed by a fully amortized re-payment period for the remaining months. For a maximum term of 360 months, loan amount must be greater or equal to $200,000. ADU Home Renovations loans are only available for homes in New Hampshire, Massachusetts, Maine, or Vermont.
ADU Home Renovation Loan Payment Example
A payment example for a Home Renovation loan with a $200,000 loan amount at 7.740% interest rate and annual percentage rate of 7.993% with a term of 360 months will have a monthly principal and interest payment of $1,431.44.
The APR in the payment example was effective on 07/21/2025. The current APR may be different than the APR used in the payment example.