A Fix Up Loan Can Expand Your Clients' Options
Are you working with buyers that are looking at homes that need a little TLC ? Do you have former borrowers who are looking to complete some home improvements? Minnesota Housing's Fix Up program can finance most home renovation projects. Examples include: replacing windows and siding, kitchen or bath updates, finishing a basement, adding a garage or replacing mechanicals.
Benefits of a Fix Up loan include:
- Affordable fixed interest rates
- Loan terms up to 20 years
- Little to no equity required in the home
- No prepayment penalty
- Secured and unsecured loan options
- No income limits on the Energy or Accessibility loans