Fix-Up Loan

The Fix-Up Loan provides low-interest financing up to $75,000 with fixed rates and repayment terms up to 20 years to help you finance energy improvements like insulation, windows, water heaters, furnaces, and air conditioning, as well as other home repairs. You must own and occupy the property, meet income limits and a minimum credit score, and can work with an approved lender from the Minnesota Housing Lender Directory to apply. There is no down payment required, no prepayment penalty, and you can finance projects already started or completed within the past 120 days.

The Fix-Up Loan serves your customers financing home improvements including energy efficiency upgrades and repairs on single-family through fourplex properties; participating lenders determine final project eligibility. You should direct customers to find an approved Minnesota Housing lender, since Minnesota Housing itself does not originate loans but works through partner lenders who handle all loan terms, fees, APR, and disclosures. Customers must be owner-occupants and meet income and credit requirements to qualify.

The Fix-Up Loan is administered by Minnesota Housing Finance Agency through a network of participating lenders who originate and service loans; the program offers $2,000 to $75,000 in principal with terms up to 20 years at fixed rates, targeting owner-occupied residential properties (single-family through fourplex) that meet income limits and minimum credit scores. Eligible improvements span energy measures (insulation, windows, HVAC, water heaters) and general home repairs, with a 120-day lookback for completed projects. Minnesota Housing does not originate loans directly but maintains a lender directory and sets program parameters including the owner-occupancy requirement for the loan term.