Available Financial Loan Programs:Access Loan New Mexico Program Other Financial Loan Resources |
Access Loan New MexicoAccess Loan New Mexico is a statewide, low interest loan program that allows a New Mexico resident with a disability to purchase assistive technology or make home modifications so that he or she can live more independently or productively. What can I buy with the loans?Examples of Assistive Technology:
You can also use Access Loan New Mexico to make certain modifications to your home. Examples of home modifications:
What if my credit record is poor or I don't have a job?Your application is reviewed on the basis of your ability to make the monthly payments to pay back the loan. Your Social Security, disability or retirement benefits are taken into consideration as income. Your debt, stability in your residence and job are also considered. Some applicants are denied, but Access Loan New Mexico's criteria are more flexible than most banks. How much money can I borrow?Generally, you can borrow up to $50,000. You may apply for the amount you need, but actual loan amounts will depend on the item purchased and your ability to repay. Access Loan New Mexico is a federally-funded project of the National Institute for Disability and Rehabilitation Research (NIDRR), U.S. Department of Education under P.L. 105-394, The Assistive Technology Act of 1998 Grant No. H224C010017. Access Loan New Mexico is provided as a cooperative service of the New Mexico Division of Vocational Rehabilitation, San Juan Center for Independence and Four Corners Community Bank. For more information please contact: Larry McCabe
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