The eligibility of the homeowner for a home improvement loan depends on his/her ability to pay monthly mortgage payments, which are further backed by the home's insurance policies. The range of the loans may cover simple home improvement projects to the reconstruction of the entire house. Structural alterations, modernizing home functions, elimination of health and safety hazards, appearance improvement, roof replacement, flooring replacement, major landscape work, enhanced accessibility for the disabled, and energy conservation improvements are some of the improvements covered by home improvement loans. Luxury additions are not covered by these loans. These loans may be applied for from an accredited lending company, which may also offer applications
