Home Improvement Loan Program

The Home Improvement Loan program is a statewide program that was established to encourage and support the preservation of existing housing.  The program provides loans to improve the basic livability and/or energy efficiency of the borrower's home.  The guidelines below are subject to change at any time without notice.  Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

Loan Terms

  • No maximum income limit 
  • Loan amounts from $1,000 - $20,000*
  • Interest rate of 5.99%(6.032% Annual Percentage Rate**)
  • Terms up to 120 months*
  • This loan is secured by a mortgage on your property (an unsecured option may be available)
  • Closing costs apply

Property Eligibility

  • Owner occupied, primary residences
  • Properties under construction or held in trust are not eligible

Types of Improvements

  • Most improvements are eligible.  Call 612.335.5884 for details.
  • 1 bid is required from a qualified, licensed contractor
  • For do-it-yourself projects, a materials list including prices is required.  The cost for labor and equipment purchase or rental may not be included in the loan.



*Applicants may be eligible for higher loan and term amounts depending on income
** Rates as of 10/13-subject to change. APR is based on $10,000 loan amount for 60 months
Average closing costs are $430.00 

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

effective 10/13

Next Steps

Apply For This Program

For Questions About This program

Brenda Yaritz
Senior Loan Officer
612-335-5891 or 1-855-296-5626 (LOAN)