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Home Improvement Programs eNews
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September 7, 2022
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 Fix Up Loan Program Changes - Effective September 12
Minnesota Housing is pleased to announce changes to the Fix Up Loan Program. These changes will be effective for loans locked on or after September 12, 2022.
Increased Loan Limits
| Loan Program |
Current Maximum Loan Amount |
New Maximum Loan Amount |
| Unsecured Energy Incentive Loan |
$25,000 |
$30,000 |
| Secured Energy Incentive Loan |
$25,000 |
$60,000 |
| Secured Accessibility Loan |
$25,000 |
$35,000 |
| Regular Secured |
$75,000 |
no change |
| Regular Unsecured |
$25,000 |
no change |
Solar Panels
- Solar panels will be eligible under the secured energy incentive loan.
- Solar panels are still also eligible under the regular Fix Up program.
- Solar panels are still ineligible under the unsecured energy incentive loan.
Document Updates
- The Energy Supplemental Application will no longer be required for secured energy incentive loans. It is still required on all unsecured energy incentive loans.
- Both of the unsecured loan Notes will be four pages instead of five pages due to spacing adjustments. No content changes were made. The updated Notes will be available in the commitment system.
- The Home Improvement Programs Procedural Manual will be updated on September 12 to reflect the changes.
Fix Up 101 Training Webinar September 21
Please join us on Wednesday, September 21 from 9:00 - 10:30 a.m. for a live Fix Up 101 Training Webinar. This training is designed for new lenders or current lenders who need a refresher. Please click here to register.
Fix Up Monthly Check-in Calls
Join us for monthly webinars where we focus on answering questions about Fix Up and reviewing pertinent program topics. Please email Kirsten Partenheimer with any topics or questions for the next monthly check-in. Click here to register.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Most calls occur on the third Wednesday of the month at 9 a.m. CST. Calls generally last 10-30 minutes depending on topics and conversation. Once a quarter we offer the Fix Up 101 Training in lieu of the monthly check-in call.
Upcoming Sessions:
- Wednesday, October 19
- Wednesday, November 16
Questions?
Contact the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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In connection with Single Family Division loan programs, Minnesota Housing is neither an originator of loans nor a creditor and is not affiliated with any Lender. To find out if you are eligible, or to apply for a loan, please contact a participating Lender.
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