The Fix-Up Fund is very flexible, low interest loan program funded by the state of Minnesota's Minnesota Housing Finance Agency. The Fix-up Fund's interest rate is lower than most bank loans and is very easy to qualify for. Almost any home improvement project is eligible, including furnace or air conditioning replacements, insulation, new windows or doors, or general remodeling.

LOAN TERMS

Amount: $2,000-$35,000

Interest Rate: 5.990% Fixed

Term: Loan repayment terms vary from 1 to 20 years, depending on the amount financed.

Security: All loans are secured by a mortgage on the residence, which may allow you to write off the interest on your taxes your taxes.

UPPER INCOME LIMITS APPLY AND MAY NOT EXCEED $96,500 GROSS PER YEAR (HOUSEHOLD INCOME).

To find out if you qualify, please contact LeAnne at 651-221-4462 x132.

APPLICANT CHECKLIST

• Complete all sections of the application; repayment is figured at $1,000 per year
• Attach two copies of current paycheck stubs within the last 60 days and recent W2
  - if self-employed, last 2 years Schedule C
  - if retired, provide copies of the last two months of  bank statements showing direct deposit of Social Security and Pension
• Attach a copy of the bid you will be using for the work
  - Do-It-Yourselfers should obtain an estimate from a supplier showing cost of materials and submit it with the application
• Include a signed Contractor Warranty
• Attach a copy of your most recent County Property Tax Statement
• PLEASE DO NOT FAX YOUR LOAN APPLICATION TO THE NEC. Send originals through the mail or deliver them to our office for best service.

Please download the Application and Contractor Warranty from the right-hand column of this page.