Loans by County

Select your county to view programs available in your area.

Lake of the woods Kittson Marshal Beltrami Roseau Pennington Red Lake Polk Clearwater Hubbard Becker Norman Mahnomen Todd Wadena

Hubbard County HRA In-House Rehabilitation Loan Program

The Hubbard County HRA has created an In-House Rehabilitation Loan Program to assist low to moderate income households make necessary repairs to their homes to keep their home safe, healthy and affordable.

 To be eligible you must:

  • Own and occupy the home to be rehabilitated
  • Meet the income limits (household income limit may be waived if the loan proceeds will be used exclusively for accessibility improvements):
  • Various property types are eligible including single family homes, an individual unit in a Planned Unit Development (PUD), a townhome, a unit of a condominium, a manufactured home permanently affixed to a foundation and taxed as real property, and a duplex, triplex or fourplex.

 

 

Program Features

  • Higher loan-to-value ratio than traditional lending loan products
  • Maximum loan amount is $15,000
  • 3% fixed interest rate for the life of the loan
  • Monthly payment amount will be based on household’s ability to pay, with a maximum debt-to-income ratio of 45%.
  • Maximum repayment term will be 20 years

 

MN Housing Rehabilitation Loan Program (RLP)/Emergency and Accessibility Loan Program (ELP)

The Rehabilitation Loan/Emergency and Accessibility Loan Programs assist low income homeowners in financing basic home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their homes.  The Emergency and Accessibility Loan Program is available for home improvements addressing emergency conditions of the home or accessibility needs for a disabled household resident, subject to prior approval by Minnesota Housing.

 

To be eligible, you must:

  • Meet program income limit
  • Not have assets exceeding $25,000
  • Own and occupy the property to be rehabilitated
  • Be current on property taxes and mortgages
  • Have homeowner insurance in effect at time of loan closing.

                   


Program Features

  • Maximum loan amount is $27,000

  •  Maximum loan term is 15 years for properties taxed as real property and 10 years for mobile/manufactured homes taxed as personal property located in a mobile home park

  • Loans are forgiven if you do not sell, transfer title, or cease to occupy the property during the loan term.

  • Various property types are eligible including, but not limited to, single family homes, duplexes, a condominium unit, and manufactured housing taxed as real or personal property



Beltrami County HRA In-House Rehabilitation Loan Program

The Beltrami County HRA has created an In-House Rehabilitation Loan Program to assist low to moderate income households make necessary repairs to their homes to keep their home safe, healthy and affordable.

 

To be eligible you must:

  • Own and occupy the home to be rehabilitated
  • Meet the income limits (household income limit may be waived if the loan proceeds will be used exclusively for accessibility improvements):
  • Various property types are eligible including single family homes, an individual unit in a Planned Unit Development (PUD), a townhome, a unit of a condominium, a manufactured home permanently affixed to a foundation and taxed as real property, and a duplex, triplex or fourplex.

  

 

Program Features

  • Higher loan-to-value ratio than traditional lending loan products
  • Maximum loan amount is $15,000
  • 3% fixed interest rate for the life of the loan
  • Monthly payment amount will be based on household’s ability to pay, with a maximum debt-to-income ratio of 40% (45% for well, septic or heating improvements). Minimum monthly payment allowed by program is $50 and maximum is $200, actual payment amount will vary depending on individual borrower circumstances.
  • Maximum repayment term will be 20 years

 

MN Housing Fix Up Program

The MN Housing Fix Up Program is a monthly payment loan option available to households with an annual income of $99,500 or less. The income limit is waived if the improvement is being made for the accessibility of a family member who is disabled or for specific energy improvements!

 

Program Features

  • Affordable, fixed interest rates with lower interest rate for energy conservation and accessibility improvements
  • Higher loan-to-value ratio on secured loans than traditional loan products
  • Don’t have equity in your home? The Fix Up Program has an Unsecured Loan Option just for you!
  • Longer repayment terms means lower payments
  • Hire a contractor or do the work yourself
  • No prepayment penalty

 

Fill out the Owner Occupied Rehab Intake form to determine which programs you could be eligible for.

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