Fridley Home Improvement Loan

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The City of Fridley’s Housing and Redevelopment Authority (HRA) currently offers home improvement financing and remodeling advisor services to Fridley residents.

The guidelines below are subject to change at any time without notice. Loan funds are subject to availability.

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612-335-5884   

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Hablamos Español: 612-335-5856

About the Loan

  • No maximum income limits.
  • Loan amounts from $1,000 – $50,000.
  • Terms up to 20 years.

Property Eligibility

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

Current Rates

Subject to change at any time. APR based on loan amount of $50,000. 

Rates starting at Term APR as low as
2% 5 years 2.473%
2% 10 years 2.242%
2% 15 years 2.165%
2% 20 years 2.126%

Calculate My Payments

Based on current rates. Qualifications apply.

Loan Details

  • Fixed interest rate.
  • Secured by a mortgage to your property.
  • Closing costs apply.
  • Eligible improvements include most interior or exterior maintenance or remodeling.
  • 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.
  • Bids are required from a properly licensed contractor.
  • Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received.

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).

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Browse our other Fridley loans.