Fix Up Loan Program Changes - Effective January 8, 2021
Minnesota Housing is pleased to announce changes to the Fix Up Loan Program! These changes resulted from feedback we received from lending partners via surveys and other communication. Thank you for the helpful input!
The changes will be effective for loans locked on or after January 8, 2021.
Increased Loan Limits
|
Current Maximum Loan Amount
|
|
|
|
|
|
|
|
Energy Incentive (secured & unsecured)
|
|
|
|
|
|
Fees & Lender Compensation
|
|
|
Lender Compensation (secured loans)
|
|
|
Lender Compensation (unsecured loans)
|
|
|
Document Preparation Fee (secured and unsecured loans)
|
|
|