Fix Up Loan Program
Dream it. Do it. We'll help you afford it.
Hassle-free home improvement loans from the Minnesota Housing Fix Up Loan Program
- Affordable, fixed interest rates with lower interest rate for energy conservation and accessibility improvements
- Secured and unsecured loan options
- Higher loan-to-value ratio on secured loans than traditional loan products
- Longer repayment terms for lower monthly payments
- Hire a contractor or do the work yourself
- No prepayment penalty
| Loan Type |
Maximum Loan Amount |
Maximum Repayment Term |
Income Limit |
|---|---|---|---|
| Secured | $50,000 | 10 to 20 years | Income Limits |
| Secured Energy/ Accessibility |
$15,000 | 10 to 20 years | No income limit |
| Unsecured | $15,000 | 10 years | Income Limits |
| Unsecured Energy* |
$15,000 | 10 years | No income limit |
*This project was made possible by a grant from the U.S. Department of Energy and the Minnesota Department of Commerce through the American Recovery and Reinvestment Act of 2009 (ARRA).
What projects are eligible?
Single family homes, duplexes, triplexes and fourplexes are eligible. You must own and occupy the property to be improved.
Repair, remodel and make energy saving improvements including:
- Porches and decks
- Remodel a bathroom or kitchen
- Add a bathroom or finish basement
- Furnace or boiler and air conditioning*
- Windows* and doors
- Insulation,* attic air sealing*
- Water heater*
- Siding and roofing
- Septic system upgrades
- Mold and radon mitigation
- Accessibility improvements*
- Basic garage, if none exists
See full lists of eligible projects for secured and unsecured Fix Up loans and for energy and accessibility improvements.
*Choose Energy Star windows, furnace, air conditioner and/or water heater; insulation and air sealing; and/or basic accessibility improvements and you may be eligible for a lower interest rate.
How do I get started?
- Find a participating lender near you
- Obtain contractor bids or detailed materials estimate from a building supplier for work you will perform
- Your lender will work with you to complete the loan application, loan closing and funding
In connection with Single Family Division loan programs, Minnesota Housing does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with any Lender. The terms of any mortgage finance transactions conducted in connection with these programs, including important information such as loan fees, the annual percentage rate (APR), repayment conditions, disclosures, and any other materials which are required to be provided to the consumer are the responsibility of the Lender.