Fix Up Program
Fix up your home with help from Minnesota Housing
Why choose Minnesota Housing?
- Affordable, fixed interest rates with lower interest rate for energy conservation and accessibility improvements
- Higher loan-to-value ratio on secured loans than traditional loan products
- Longer repayment terms mean lower payments
- Hire a contractor or do the work yourself
- No prepayment penalty
- Single family homes, duplexes, triplexes and fourplexes are eligible. You must own and occupy the property to be improved
|
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).
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
* 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.
- See full list of eligible improvements for secured and unsecured Fix Up loans
- See full list of eligible energy and accessibility improvements
Next Steps:
- 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.