Unsecured Loan Programs

Unsecured Loan program is a statewide program that was established to encourage and support the preservation of existing housing. The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us for complete details.

Thanks to local partnerships, we offer special programs and incentives for several Minnesota cities and neighborhoods. Call 612-335-5884 to make sure you get the best deal for your area.
 

CEE offers two unsecured loan options provided by the Minnesota Housing Finance Agency (MHFA):

Unsecured Home Improvement Program

Most interior and exterior improvements are eligible as well as accessibility improvements.

Loan Terms

  • 6.99% fixed rate (7.201% APR), or 6.49% if set up an ACH repayment (6.70% APR)
  • Household Income cannot exceed $104,000
  • Loan amounts from $2,000 to $15,000
  • Terms up to 120 months
  • This loan is NOT secured by a mortgage on your property
  • $50 closing fee

Property Eligibility

  • 1- 4 unit owner-occupied, primary residence
  • Properties under construction or held in trust are not eligible

 

Unsecured Home Energy Program

Eligible improvements include insulation, air sealing, heating, cooling, windows, water heaters and more!

Loan Terms

  • 4.99% fixed rate (5.197% APR)
  • No maximum income limit
  • Loan amounts from $2,000 to $15,000
  • Terms up to 120 Months
  • This loan is NOT secured by a mortgage on your property
  • $50 closing fee

Property Eligibility

  • 1- 4 unit owner-occupied, primary residence
  • Properties under construction or held in trust are not eligible

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 such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

*Rates as of 10/13- subject to change. APR based on $10,000 for 60 months.