MHFA Fix-Up home improvement loan

Program
Fix-Up Fund
Maximum Loan
$35,000
Maximum Household Income
$88,000
Interest Rate
7.25%
Lien
15-20 years depending on loan amount

The Minnesota Housing Finance Agency (MHFA) Fix-Up Fund allows homeowners to make home, energy efficiency, and accessibility improvements through a low-interest loan.

Examples of improvement that can be made include:

  • Room addition or new garage
  • Furnace/air conditioning installation
  • Roof replacement
  • New paint job/siding
  • Upgrade/replace electrical wiring
  • Septic system/plumbing repairs
  • Energy conservation (such as windows, doors, insulation)
  • Accessibility improvements (bathrooms, ramps)

For more information contact Lynn Olson at Wells Fargo Bank at 612.667.1566 or visit MHFA's website.