Couple focusing on kitchen area renovation
Fix-Up Home Improvement Loans
United Community Bank lovers with Minnesota Housing to deliver Fix Up do it yourself loans.
Result in the home improvements, repairs and renovations you desire, with funding you really can afford.
- Affordable, fixed interest levels (see present prices at www. Mnhousing.gov)
- Reduced prices for qualified power effectiveness and accessibility improvements
- Loan amounts from $2,000 to $50,000
- Secured and loan that is unsecured
- Higher loan-to-value ratio (+100%) on secured finance than conventional loan services and products
- Repayment terms as much as two decades
- Choice to employ a contractor or perform some work yourself
- No prepayment penalty
You may qualify for a Fix Up loan if you:
- Own and occupy the house to be enhanced (single family members homes, duplexes, triplexes and fourplexes meet the criteria)
- Meet our minimum credit history demands
- Meet with the qualified income limitations (presently more than area median income—inquire for details)
What improvements could I make?
Here are a few examples – ask your loan provider in case the task is qualified.
General house repairs and remodeling
- Porches and decks
- Restroom or home remodels
- Completing a cellar
- Siding and roofing
- Mold and mitigation that is radon
- Fundamental storage, if none exists
- Energy savings improvements
Home heating and air conditioning that is central
- Windows
- Insulation, loft air sealing
- Hot water heater
- Accessibility improvements
- House accessibility customizations
- Security improvements
Which Fix Up loan is suitable for me personally?
Earnings and program demands susceptible to alter. Please ask or see www. Mnhousing.gov to find out more.
| Loan Type | Safety Type | Maximum Loan Amount | Maximum Repayment Term |
|---|---|---|---|
How can I get going?
- Down load and save your self application, complete on line, and email to service@ucbankmn.com.
- Go ahead and contact Lisa at 218-346-9771 or Perry at 218-346-9774, or they will get in touch with you when getting the application.
- Get Bids. Get specialist bids or step-by-step materials estimates from a building provider for work
- Mission Accomplished! Wind up the paperwork along with your lender, help your house be improvements, and commemorate your success.
*This task ended up being permitted with a grant through the U.S. Department of Energy while the Minnesota Department of Commerce through the United states healing and Reinvestment Act of 2009 (ARRA).
Lisa, since 1997
Perham, MN 218-346-9771 NMLS 480593
Meet Lisa
Aspects of Expertise: home loan lending, MN Housing Fix-Up Loan Program, HELOC loans Alma Mater: University of North Dakota Community Involvement: Perham ladies of Focus, Perham Chamber Favorite element of My Job: i like using the services of customers to assist them to achieve their economic objectives and specially realizing their desire getting their particular house. Minnesota Picks: Pontooning on Marion Lake
Perry, since 1980
Dent, MN 218-346-9774 NMLS 809531
Meet Perry
Regions of Expertise: Lending Community Involvement: Dent Fire & save, Dent City Council, Dent Lions Club, Dent Community Club Favorite element of My Job: getting together with and customers that are helping their economic requirements Minnesota Picks: golf and fishing