Home Improvement Loan - The Fix-Up Fund from Minnesota Housing Finance Agency

Are you are a resident of Minnesota wanting to finance repairs on your home? Or, do you want to information about affordable home improvement loan in this Midwestern State? If yes, then you can check on the Minnesota Housing Finance Agency. Why this government agency, you may ask? Well, this article will reveal to you why you should contact this agency for your affordable home improvement loan.

The Minnesota Housing finance agency has a state wide program named the Fix-up fund. This is a low interest fixed rate home improvement loan. The loan is provided for beneficiaries who want to improve or repair their homes. You can access this financial option if you frantically need to improve the appearance of your home.

Eligibility for the fix-up fund home improvement loan is due for owner occupier properties and the household income should be at maximum of $96,600. If you live in a single family home or a multiple-family home, you could be eligible for this fund.

Specifically, you can avail as much as between $2000 and $35000 for the fix-up fund. Another unique feature of this loan includes maximum loan repayment term between 10 and 20 years. Perhaps you have a family member with disability, you can as well access more than the stated sum above.

Lenders of fix-up fund for home improvement ensure that you utilize such to make general repairs on windows, new furnace, electrical wiring, new roof, garage, septic repairs, insulation and central air conditioning. These are eligible home improvements you can execute with this loan. 

On the other way round, you are not to use the loan for these projects: hot tubs, swimming pools, gazebos some other entertainment facilities. In addition, except your mobile home is stationed permanently and taxed, you are not eligible for the fix-up fund home improvement loan.

You need to step up now if you are in the Minnesota area to avail yourself of this home improvement loan. www.mnhousing.gov will provide you with detailed information on how to get this home improvement loan for Minnesota Homeowners.