 Increased Lender Compensation
Minnesota Housing is pleased to announce that we have increased lender compensation and the document preparation fee for Fix Up loans locked on or after April 1, 2024.
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Old Amount
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New Amount
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Lender Compensation (secured loans)
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$500
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$650
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Lender Compensation (unsecured loans)
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$350
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$500
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Document Prep Fee
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$75
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$150
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Incentive Rate Energy Loan Document Updates
The following documents were updated to correct an error in energy efficiency measurements for air source heat pumps and to add SEER2 ratings for air conditioners:
Reminder: Register Today for In-person Training!
Do you want to boost your knowledge of Minnesota Housing’s Fix Up home improvement loan program? Or do you want to learn how Fix Up can help you serve more clients? Minnesota Housing is hitting the road this spring to bring you in-person Fix Up trainings.
These trainings are designed both for new Fix Up lenders and experienced lenders wanting a refresher, as well as curious lenders who don’t yet offer Fix Up. We'll cover key features of the program, borrower and property eligibility, and the breadth of permanent home improvements eligible for Fix Up financing.
Duluth - Thursday, April 4
1 p.m. - 2:30 p.m.
Duluth Public Library, Gold Room
520 W. Superior St.
Duluth, MN 55802
Register Today!
Willmar - Thursday, April 25
10:30 a.m. - 12 p.m.
Willmar Public Library
410 5th St. SW
Willmar, MN 56201
Register Today!
Bemidji - Wednesday, May 15
1 p.m. - 2:30 p.m.
Beltrami Electric, Community Room
4111 Technology Drive NW
Bemidji, MN 56601
Register Today!
These trainings are in-person only and will not be offered online.
Please contact Kirsten Partenheimer or Shannon Gerving with questions.
Series Sign-up: Quarterly Check-in Calls
Join us for quarterly check-in calls 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 check-in.
Register for the 2024 check-ins.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Calls occur quarterly on the third Wednesday of the month at 9 a.m. CST. Calls generally last 10-30 minutes depending on topics and conversation.
2024 Schedule:
- Wednesday, April 17
- Wednesday, July 17
- Wednesday, October 16
Questions?
Contact the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8 a.m. and 5 p.m. on business days.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2023, the Agency distributed $1.85 billion in resources and served 69,500 households. Visit our website to learn more.
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