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Minnesota Housing Rehab Loan Program

Geographic Service Area: 
Minnesota
Program Details: 
Max loan amount is $24,999
Available for basic improvements to the home's safety, accessibility or energy efficiency

Minnesota Housing's Rehabilitation Loan Program assists low income homeowners in financing basic home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their homes.

Eligibility Requirements for a Rehabilitation Loan Program Loan:

  • Owner occupies the property to be rehabilitated
  • Owner does not have assets that exceed $25,000
  • Owner meets income limits

Loan Features:

  • Maximum loan amount is $24,999 (an additional $10,000 may be added to satisfy any necessary lead-based paint hazard reduction requirements)
  • Maximum loan term is 15 years for properties taxed as real property and 10 years for mobile/manufactured homes taxed as personal property located in a mobile home park.
  • Can be used for rehabilitation of single-family homes, townhomes and condominiums constructed after January 1, 1978, and manufactured housing taxed as real or personal property.
  • All loans are forgiven if the borrower does not sell, transfer title, or ceases to occupy the property during the loan term.

Eligible Home Improvements:

Basic improvements to the livability, accessibility, energy efficiency and addressing lead paint hazards are eligible. Electrical wiring, furnace replacement, plumbing and septic repairs are just some of the possible repairs.

Find a Rehab Loan Lending Partner in the Twin Cities or in Greater Minnesota.