Home Improvement Loan

Home Improvement Loan is sponsored by The Housing Fund. Provides affordable loans to homeowners in Tennessee for modernizing and refurbishing homes to enhance safety, accessibility, and comfort.

Improve Your Home | Minnesota Housing Español | Hmoob | Soomaali 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. Disaster Recovery Loan Program Disaster Recovery Loan Program 2024 Visit the 2025 Disaster Recovery Loan Program webpage to learn more. Applications are due by October 30, 2026.

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 major disaster declaration. A Disaster Recovery Loan can help fill the financial gap when private insurance and federal assistance are not adequate to return a damaged home to its pre-disaster condition. Contact us at 651.

296. 8215 or 800. 710.

8871 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 Level monthly payments over the term of the loan 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 Accessibility loan program Finance projects already started, or that were completed within the past 120 days Hire a contractor or do the work yourself Fix Up program requirements include: Income limits (exception for Accessibility loan program, which has no income limit) Owner-occupancy requirement means you have to live in the home for the term of the loan Your participating lender determines project eligibility.

Improvements to single-family, duplexes, triplexes, and fourplexes may be eligible. Examples of eligible projects include: Bathroom or kitchen remodels Furnace, boilers, water heaters and central air conditioning Tree removal or trimming, or property regrading Septic system repairs or replacement Mold and radon mitigation Accessibility improvements Contact your approved lender to find out more eligible improvements!

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. 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.

Loan amounts from $2,000 to $30,000 with both secured and unsecured loan options Loan terms vary from 3 to 20 years Fixed interest rate with level monthly payments over the term of the loan Little to no equity in your home required Owner-occupancy requirement means you have to live in the home for the term of the loan Improvements to single-family, duplexes, triplexes and fourplexes may be eligible.

Your participating lender determines project eligibility, which include: Heating & cooling systems 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. *This project was made possible by a grant from the U.S. Department of Energy and the Minnesota Department of Commerce through the Infrastructure Investment and Jobs Act of 2021 (IIJA).

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 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 Furnace/boiler repair or replacement Well and septic repair or replacement Roof repair or replacement 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.