New Hope Home Improvement Loan
Hablamos Español: 612-335-5856
About the Loan
- No income limits.
- Loan amounts from $2,000 to $15,000.
- Terms from up to 10 years.
- No down payment required.
- 1-4 unit, owner-occupied and absentee owned residential properties.
- Townhomes and condos are eligible.
- Properties under construction or held in a Trust are not eligible.
- Loan approval is subject to credit and program guidelines.
Subject to change at any time. APR based on loan amount of $15,000.
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Based on current rates. Qualifications apply.
- This loan is secured by a mortgage to your property.
- Closing costs apply.
- Eligible improvements include interior or exterior maintenance or remodeling.
- For do-it-yourself projects, a materials list including prices is required. The cost for labor and the purchase of tools may not be included in the loan.
- 1 bid is required from a properly licensed contractor.
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).