Housing Authority

Minnesota Housing offers purchase, refinance, and home improvement loans, as well as financing for affordable rental housing throughout the state.  

FIX UP Home Improvement Program:

Repair, remodel and make energy saving improvements.

- Loan amounts from $2,000 to $75,000
- Fixed interest rate and terms from 1 year to 20 years
- No downpayment required
- Secured and unsecured loan options
- Little to no equity in your home required
- No income limits for energy or accessibility Fix Up loans
- Finance projects already started, or that were completed within the past 120 days
- Hire a contractor or do the work yourself
- No prepayment penalty

START UP First-Time Homebuyer Program:

The Start Up program is for first-time homebuyers, which is someone who has not had an ownership interest in a principal residence in the last three years.

- Income limits apply based on county
- House price purhcase limits up to $472,030 for non-metro counties
- Downpayment and closing cost options up to $18,000
- Minimum credit score 

STEP UP Repeat Homebuyer and Refinance Programs:

If you're not a first-time homebuyer, or you're a first-time homebuyer who exceeds the income or purchase limits for Start Up,  the Step Up program might be a great option.

- Higher income limits and home purchase price than Start up program
- Downpayment and closing cost options up to $14,000
- Minimum Credit score
- Owner-occupancy required

How to apply?

Contact a Minnesota Housing participating lender at https://mnhousing.gov , search “Find a Lender” to discuss your eligibility and begin the application process. 

Make energy/conservation related improvements to your home using a home improvement loan with a low interest rate. Funds are limited. Contact a participating lender to see if you qualify. https://mnhousing.gov/lender-directory , Energy_Loan_Plus_Flyer.pdf