WHAT TO EXPECT – HOME VALUE GUARANTY
When you submit your contact information via the Get Started button below, an INHP representative will contact you and provide the resources you need to choose a qualifying property and begin the Home Value Guaranty process.
![INHP_One INHP_One](https://www.inhp.org/wp-content/uploads/2018/12/INHP_One.png)
CHOOSE A PROPERTY
INHP can connect you to a real estate agent or neighborhood partner who can help you choose a property in an area that meets program eligibility requirements.
![INHP_Two INHP_Two](https://www.inhp.org/wp-content/uploads/2018/12/INHP_Two.png)
SECURE YOUR INHP LOANS
The first mortgage finances the purchase and repair costs or the as-completed appraised value, whichever is lower. The second mortgage covers any difference.
![INHP_Three INHP_Three](https://www.inhp.org/wp-content/uploads/2018/12/INHP_Three.png)
INHP SETS THE GUARANTY RULE
INHP takes the total cost to purchase and repair the home and adds 5 percent to create the home’s guaranty value. The difference between the guaranty value and the current appraised value becomes the guaranty amount.
![INHP_Four INHP_Four](https://www.inhp.org/wp-content/uploads/2018/12/INHP_Four.png)
MAKE ANY NECESSARY REPAIRS
If you’ve chosen to rehab a home, repairs must be completed within six months after closing. Extensions may be granted.
![INHP_Five INHP_Five](https://www.inhp.org/wp-content/uploads/2018/12/INHP_Five.png)