Minnesota Fix-Up Fund Home Improvement Financing
The Minnesota Fix-Up Fund is a statewide program that offers loans at below market interest rates to Minnesota Homeowners. The Minnesota Fix-Up Fund was established to improve the basic livability and / or energy efficiency of the borrower’s home.
Eligible Minnesota Fix-Up Fund Home Improvement Projects Include
- Attached or Detached Garages
- New energy efficient Replacement Windows
- Upgrade an existing bathroom
- Add a bathroom
- Finish an attic or basement
- Install dormers
- Build an addition
- Build a new Porch
- Install new Vinyl, James Hardi or LP Smartside siding
- Replace a roof
- Remodel the kitchen
Minnesota Fix-UP Fund Loan Terms
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- Maximum loan amount is $35,000
- Interest rate: 5.99%
- Maximum term 20 years
- All loans will be secured by a mortgage
Eligible Borrowers
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- Gross annual household income of $96,500 or less
- Borrowers must own the property or be purchasing it through a mortgage or contract for deed
- You must close on the loan prior to beginning project(s).
Eligible Minnesota Fix-Up Fund Improvements
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- Most Home Improvements are eligible, interior or exterior maintenance or remodeling and Building Garages.