Mounds View Residential 0% APR Clean Water Partnership

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The City of Mounds View is making financing available for homeowners. 

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

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Hablamos Español: 612-335-5856

About the Loan

  • 0% APR.
  • No maximum income limit.
  • Loan amounts from $1,000 to $20,000.
  • For loans less than or equal to $10,000, terms up to 5 years.
  • For loans greater than $10,000, terms up to 10 years.
  • No down payment required. 

Property Eligibility

  • 1-4 unit owner-occupied and non-owner-occupied residential structures located in the city of Mounds View.
  • Mobile homes, individual condominium and/or townhouse units are eligible.
  • Loan approval is subject to credit and program guidelines.

Current Rates

Subject to change at any time. APR based on loan amount of $20,000. 

Rates starting at Term APR as low as Payment example
0% 5 years 0% $16.67
0% 10 years 0% $8.33

Calculate My Payments

Based on current rates. Qualifications apply.

Loan Details

  • 0% fixed interest rate.
  • Closing costs apply.
  • This loan is secured by a mortgage on the property.
  • ​​All borrowers must be a legal resident of the United States, as evidenced by a social security number.
  • 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. 
  • Eligible projects include but are not limited to: sewer line excavation and replacement, lining or re-lining sewer lines, water softener replacement, cleaning ponds due to city assessment and installing rain gardens.
  • 1 bid is required from a properly licensed contractor or registered with the MN Department of Labor.
  • 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.

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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