A Solution For Repair Needs
Minnesota Housing's Fix Up Loan Program can assist your clients.
Are you working with buyers that are looking at homes that need a little TLC ? Do you have sellers whose house would sell quicker, or for top dollar, if they completed some renovations prior to listing? 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