Minnesota Housing Finance Agency
Home Repair Financial Assistance
400 Wabasha St N, Ste 400, St. Paul, MN, 55102
Distance: 1034 Miles
Loan program to homeowners for routine home maintenance, emergency repairs, or accessibility improvements.
Participants must meet income and other eligibility requirements.
Provides affordable, fixed interest rate loans for home improvements, with a lower interest rate for energy conservation and accessibility improvements.
Hire a contractor, or do the work yourself.
Fix Up Program:
* A statewide program that offers affordable, low-interest fixed rate home improvement loans
* Rehabilitation Loan Program/Emergency and Accessibility Loan Program:
- Assists low income homeowners in financing basic home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their home.
* Energy Conservation Loan Program:
- Secured Energy/ Accessibility Loans, and Unsecured Energy Loans.
Applicants must meet income limits. Each program will also have its own eligibility criteria for what the funds can or cannot be used for. Please call or visit the website for further program details.
Visit the website to find a participating lender near you.
|Toll Free||(800) 657-3769|
This provider does not offer this service at other locations.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
BH-3000.3540Home Barrier Removal Loans Definition
Programs that provide loans to qualified people with disabilities who want to install ramps or elevators, widen doorways, install grab bars in showers and bathrooms, lower kitchen and other cabinets or make other modifications in their homes in order to make them more accessible.
BH-3000.3550-360Home Rehabilitation Loans Definition
Programs that provide loans for income-eligible people who want to repair or modify their homes or mobile homes to make them energy-efficient, attractive, safe and free of health hazards; or which help eligible individuals find loans for this purpose. Most loan programs cover major repairs, system upgrades and replacements (e.g., plumbing, heating or electrical systems) but not minor repairs. Included are conventional home rehabilitation loans, deferred loans (in which payments are deferred until the home is sold) and forgivable loans (in which all or a part of the loan is forgiven if the borrower resides in the home for a specified period of time). The forgiven part of a forgivable loan amounts to a contingent grant. If the borrower sells the home prior to the specified time period, all or part of the loan is due. A common variation is to have portions of the loan forgiven gradually over a period of years.