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Sherri Sherpy "The MN Mortgage Mom"

MN Home Improvement Loans

Thursday, June 10, 2010 - Article by: Sherri Sherpy "The MN Mortgage Mom" - iLoan - Message

Just purchasing a home and it needs a few repairs? Or perhaps you are already a homeowner in need of funds to "fix up" your castle?

Either way, you may want to stay away from the sometimes expensive rehab loans and look to the State as a wonderful alternative.

The State of MN offers a very attractive program for your home improvement projects for MN residents.

Appropriately called the "Fix Up Fund".

Here are the highlights:

  • oHousehold income at or below $96,500
  • oProperty must be owner-occupied
  • oYou can hire a contractor or do the work yourself
  • oUp to a 20 year term oLoan amounts up to $35,000
  • oMost repairs that will improve the efficiency of your home are okay...no swimming pools, please!

The best part is the rates are VERY low...currently at 5.99%! For more information, contact a sponsoring lender today.

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