 Fix Up Rate Changes July 1
The next monthly rate review and adjustment takes place on Tuesday, July 1. It is essential that lenders lock loans in their pipeline to get the current rate.
As a reminder, our Energy Incentive Loan rate for both unsecured and secured loans are also reviewed monthly and may be adjusted at that time. Energy Loan Plus loan interest rates will not change.
Please visit the Home Improvement Interest Rates webpage for a list of current rates.
Energy Loan Plus is Still Available!
Minnesota Housing’s Energy Loan Plus* option is still available. Energy Loan Plus offers a reduced interest rate for energy conservation improvements for households at 80% area median income (AMI). It is an additional option under the Fix Up loan program. All current Fix Up lenders can access Energy Loan Plus.
To qualify, borrowers must meet program parameters set forth in the Home Improvement Loan Programs Procedural Manual, including income limits and improvement type.
Where can I find out more?
* This project was made possible by a grant from the U.S. Department of Energy and the Minnesota Department of Commerce through the Infrastructure Investment and Jobs Act of 2021 (IIJA).
Meet Quality Control at our July Fix Up Lender Connect!
Join us for the next quarterly Fix Up Lender Connect on July 16 where our Operational Risk Management Supervisor will share more about his role and that of our quality control team plus discuss file uploads, eSignature and the required Certificate of Completion/Certificate of Authenticity.
Please email Kirsten Partenheimer with any additional topics or questions for the next check-in.
Register for the Fix Up Lender Connect calls.
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. Central time. Calls generally last 10-30 minutes depending on topics and conversation.
2025 Schedule:
- Wednesday, July 16
- Wednesday, October 15
Questions?
You can reach 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 2024, we distributed $1.96 billion in resources and served 73,650 households. Visit our website to learn more.
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