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Minnesota Housing Finance Agency

February 02, 2017

Category: Housing

http://www.mnhousing.gov/wcs/Satellite?c=Page&pagename=External%2FPage%2FEXTHomeLayout&cid=1358904711497

Minnesota Housing Homeownership Programs

Make your dream of homeownership a reality with help from Minnesota Housing and [agency name]! Whether you’re a first-time buyer, repeat buyer, or want to refinance, there’s an affordable Minnesota Housing program that’s right for you.

Why choose a Minnesota Housing loan?

  • Low, fixed interest rates for the life of the loan
  • Purchase and refinance options for first-time and repeat homebuyers
  • Downpayment and closing cost loans up to $10,000 for qualified borrowers
  • Exclusive 3% down conventional products with low or no mortgage insurance options
  • Works with industry standard products including FHA, VA, Conventional and Rural Development

Do you qualify?

Requirements vary based on program. Visit the Minnesota Housing website for current information, including:

  • Minimum credit score
  • Income limits
  • Home cost limits
  • Homebuyer education requirements

Next Steps

Contact a participating lender.

Homeownership/Single Family Division:
651.296.8215 or 800.710.8871
mnhousing.solution@state.mn.us
7:30 a.m. – 5:00 p.m. business days

Multifamily Rental Division:
651.296.9832 or 800.657.3647

General Information:
mn.housing@state.mn.us
651.296.7608 or 800.657.3769

Address:
400 Sibley Street, Suite 300
Saint Paul, MN 55101-1998

Minnesota Housing Fix Up Loan Program

Tackle your home improvement to-do list without breaking your budget with a Fix Up Loan.

Why choose a Fix Up loan?

  • Affordable, fixed interest rates with lower rates for energy conservation and accessibility improvements
  • Loan amounts ranging from $2,000-$50,000
  • Secured and unsecured loan options
  • Repayment terms up to 20 years
  • Hire a contractor or do the work yourself

What you can do with the loan?

Repair, remodel and make energy saving improvements. Update your bathroom or kitchen. Replace your furnace, A/C, windows, or doors. Get new siding or roofing. Make accessibility improvements. There are so many options available with the Fix Up loan program!

Do you qualify?

  • You must own and occupy the property to be improved.
  • Single family homes, duplexes, triplexes and fourplexes are eligible.
  • Your gross household income must be no greater than $99,500. 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.

Next Steps

Homeownership/Single Family Division:
651.296.8215 or 800.710.8871
mnhousing.solution@state.mn.us
7:30 a.m. – 5:00 p.m. business days

Multifamily Rental Division:
651.296.9832 or 800.657.3647

General Information:
mn.housing@state.mn.us
651.296.7608 or 800.657.3769

Address:
400 Sibley Street, Suite 300
Saint Paul, MN 55101-1998

 




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