Minnesota Fix Up Fund Home Improvement Loan

About This Program

Minnesota Housing's Fix Up Fund offers below-market interest rate loans ($2,000–$75,000) for virtually any permanent home improvement on owner-occupied primary residences. Current rates range from 3.00% to 7.99% over terms up to 20 years. Loans are available at 100% of project costs with no prepayment penalty. In declared disaster areas, up to $75,000 may be available at 0% interest.

Rates are typically 1–3% below market. For a $25,000 loan at 5% over 15 years, monthly payment is approximately $198. Income limits are generous compared to other programs.

Key Details

• Below-market loans $2,000–$75,000 for any permanent home improvement
• Interest rates 3.00%–7.99%; terms up to 20 years
• Income limit: $172,100 (varies by location)
• 0% interest up to $75,000 in federally declared disaster areas
• Apply through CEE or participating lenders; call 612-335-5840

How to Apply

Deadline: Rolling