Home Improvement Programs
Is your home in need of repair? Minnesota Housing offers a variety of loan programs to help make necessary repairs or updates to your home. We work with local participating lenders who can answer questions about program eligibility and help you learn about the features of our programs. Explore more about our programs below.
Fix Up Home Improvement Loan Program
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Fix Up Home Improvement Loan Program
Whether you need to make necessary repairs or simply want to update your home, a Fix Up loan may be able to finance most home improvement projects for eligible borrowers. The Fix Up loan’s fixed interest rates and extended repayment terms (up to 20 years on some loans) mean monthly payments that may fit your budget.
Additional Program Features
- Loan amounts from $2,000 to $75,000
- Loan terms vary from 1 year to 20 years
- Fixed interest rate
- Level monthly payments over the term of the loan
- No downpayment required
- Secured and unsecured loan options
- Little to no equity in your home required
- Income requirements for Fix Up loan program
- No income limits for the Incentive Rate Energy Conservation loan program
- No income limits for the Accessibility loan program
- Finance projects already started, or that were completed within the past 120 days
- Hire a contractor or do the work yourself
- No prepayment penalty
Program Requirements
Fix Up program requirements include:
- Income limits (exception for Incentive Rate Energy Conservation and Accessibility loan programs, which have no income limits)
- Minimum credit score
- Owner-occupancy requirement means you have to live in the home for the term of the loan
Eligible Projects
Your participating lender determines project eligibility. Improvements to single-family, duplexes, triplexes, and fourplexes may be eligible.
Examples of eligible projects include:
- Porches and decks
- Bathroom or kitchen remodels
- Basement refinishing
- Furnace, boilers, water heaters and central air conditioning
- Windows and siding
- Insulation
- Roofs
- Tree removal or trimming, or property regrading
- Septic system repairs or replacement
- Mold and radon mitigation
- Accessibility improvements
- Garages
- Home additions
- Accessory dwelling unit
- And more
Contact your approved lender to find out more eligible improvements!
How to get a Fix Up Loan
Use our Lender Directory tool to find an approved Minnesota Housing participating lender. You will work directly with your lender from pre-qualification to closing on your Fix Up loan.
Energy Loan Plus
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Energy Loan Plus
Make energy-conservation-related improvements to your home using a home improvement loan with a low interest rate. Funds are limited and might go quickly – contact a participating lender to see if you qualify.
Program Features
- Loan amounts from $2,000 to $30,000
- Secured and unsecured loan options
- Loan terms vary from 3 year to 20 years
- Fixed interest rate
- Level monthly payments over the term of the loan
- No downpayment required
- Little to no equity in your home required
- No prepayment penalty
Program Requirements
- Income limits
- Minimum credit score
-
Owner-occupancy requirement means you have to live in the home for the term of the loan
Eligible Projects
Your participating lender determines project eligibility. Improvements to single-family, duplexes, triplexes, and fourplexes may be eligible.
Examples of eligible projects include:
- Windows
- Insulation
- Heating & cooling systems
- Water heaters
How to get an Energy Loan Plus loan
Use our Lender Directory tool to find an approved Minnesota Housing participating lender. You will work directly with your participating lender from pre-qualification to closing on the loan. Have a more extensive project or don’t meet the income limits? Speak to your lender about the other Fix Up loan options.
Rehabilitation Loan Program and Emergency & Accessibility Loan Program
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Rehabilitation Loan Program and Emergency & Accessibility Loan Program
The Rehabilitation Loan Program and Emergency & Accessibility Loan Program (RLP/ELP) assist low-income homeowners in financing home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their homes. The Emergency & Accessibility Loan Program is available for home improvements that address emergency conditions of the home or accessibility needs for a household resident with a disability.
To be eligible, you must:
- Work with a participating Rehab Loan Lender
- Meet program income limits
- Not have assets exceeding $25,000
- Own and occupy the property to be rehabilitated
- Be current on property taxes and mortgages
Program Features
- Maximum loan amount is $37,500
- Maximum loan term is 15 years for properties taxed as real property and 10 years for mobile/manufactured homes taxed as personal property located in a mobile home park
- Loans are forgiven if you do not sell, transfer title, or cease to occupy the property during the loan term.
- Various property types are eligible including, but not limited to, single-family homes, duplexes, a condominium unit, and manufactured housing taxed as real or personal property
Eligible Home Improvements
- Basic improvements that directly affect the safety, livability, or energy efficiency of the home
- Addressing lead paint hazards
- Electrical wiring
- Furnace/boiler repair or replacement
- Plumbing repairs
- Well and septic repair or replacement
- Radon mitigation
- Mold remediation
- Windows
- Siding
- Roof repair or replacement
Disaster Recovery Loan Program
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Disaster Recovery Loan Program
The Disaster Recovery Loan Program may offer state financial assistance to individuals whose home sustained damage as a result of a natural disaster designated under a presidential disaster declaration. A Disaster Recovery Loan is a last resort when private insurance and federal assistance are not adequate to return a damaged home to its pre-disaster condition.