Fix Up and Community Fix Up Loan Programs
Fix Up is our statewide home improvement loan program for eligible homeowners, available through participating lenders. The Community Fix Up Loan Program is an add-on program for eligible Fix Up lending partners and provides affordable financing to support partnerships that target resources.
Manuals, Forms and Resources
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If you need editable versions of the sample documents linked in the Forms Guide and Glossary, you can find them in the Loan Commitment System or by contacting us at mnhousing.solution@state.mn.us or 800.710.8871, option 2.
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- Community Fix Up Proposal Application
Eligibility Requirements
- Own and occupy the property to be improved. Single family homes, duplexes, triplexes or fourplexes are eligible.
- Meet the income limit with the exception of the Secured Energy or Accessibility and Unsecured Energy loans which have no limit.
- Provide itemized contractor bids or itemized materials estimates for proposed work.
- Use for an eligible improvement:
Program Features
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Affordable, fixed interest rates with lower rates for energy and accessibility loans
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Higher loan-to-value ratio on secured loans than traditional loan products
- Secured and unsecured options
- Contractor or DIY options
- No prepayment penalty
| Key Features |
Unsecured Loan | Unsecured Energy Incentive Loan* | Secured Loan | Secured Energy Incentive Loan | Secured Accessibility Loan |
|---|---|---|---|---|---|
| Income Limit | Income Limits | No income limit | Income Limits | No income limit | No income limit |
| Maximum Loan Amount | $25,000 | $30,000 | $75,000 | $60,000 | $35,000 |
| Security Type | No equity or mortgage lien required | No equity or mortgage lien required | Secured by mortgage lien | Secured by mortgage lien | Secured by mortgage lien |
| Maximum Repayment Term | 10 years | 10 years | 10 to 20 years | 10 to 20 years | 10 to 20 years |
| Credit Score | 680 | 680 | 620 | 620 | 620 |
*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).
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.
Questions?
Reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
