Home Improvement Loans

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The Rehabilitation Loan Program and Emergency & Accessibility Loan Program (RLP/ELP) assist low-income homeowners in financing home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their homes. The Emergency & Accessibility Loan Program is available for home improvements that address emergency conditions of the home or accessibility needs for a household resident with a disability.

To be eligible, you must:

  • Work with a participating Rehab Loan Lender
  • Meet program income limits
  • Not have assets exceeding $25,000
  • Own and occupy the property to be rehabilitated
  • Be current on property taxes and mortgages

Program Features

  • Maximum loan amount is $37,500
  • Maximum loan term is 15 years for properties taxed as real property and 10 years for mobile/manufactured homes taxed as personal property located in a mobile home park
  • Loans are forgiven if you do not sell, transfer title, or cease to occupy the property during the loan term.
  • Various property types are eligible including, but not limited to, single family homes, duplexes, a condominium unit, and manufactured housing taxed as real or personal property

Eligible Home Improvements

  • Basic improvements that directly affect the safety, livability, or energy efficiency of the home
  • Addressing lead paint hazards
  • Electrical wiring
  • Furnace/boiler repair or replacement
  • Plumbing repairs
  • Well and septic repair or replacement
  • Radon mitigation
  • Mold remediation
  • Windows
  • Siding
  • Roof repair or replacement

Whether you need to make necessary repairs or simply want to update your home, a Fix Up loan can finance most home improvement projects. The Fix Up loan’s affordable, fixed interest rates and longer repayment terms (up to 20 years on some loans) means lower and more affordable monthly payments.

Additional Program Features

  • Loan amounts from $2,000 to $75,000
  • Secured and unsecured loan options
  • Little to no equity in your home needed
  • No income limits for energy or accessibility loans
  • Finance projects already started, or that were completed within 120 days
  • Hire a contractor or do the work yourself
  • No prepayment penalty

Program Requirements

Fix Up program requirements include:

  • Income limits (No income limits for energy and accessibility loans)
  • Minimum credit score
  • Owner-occupancy requirement

Eligible Projects

Your lender determines project eligibility. Single-family, duplexes, triplexes, and fourplexes are eligible.

Examples of eligible projects include:

  • Porches and decks
  • Bathroom or kitchen remodels
  • Basement refinishing
  • Furnace, boilers, water heaters and central air conditioning
  • Windows and siding
  • Insulation
  • Roofs
  • Tree removal or trimming, or property regrading
  • Septic system repairs or replacement
  • Mold and radon mitigation
  • Accessibility improvements
  • Garages
  • Home additions
  • Accessory dwelling unit construction (internal and attached)
  • And More (Contact your approved lender to find out more eligible improvements!)

How to get a Fix Up Loan

Use our Lender Directory tool to find an approved Minnesota Housing participating lender. You will work directly with your lender from pre-qualification to closing on your Fix Up loan.

Rehabilitation Loan / Emergency & Accessbility Programs (RLP/ELP)

For program income  limits click here

Income eligibility is based on gross income less $1000 per household member

The Rehabilitation Loan Program (RLP), is a Minnesota Housing program that is designed to help very low income people to address health and safety improvements. Funds may be used for basic home improvements that directly affect the home’s safety, habitability or energy efficiency to homeowners.

The Emergency and Accessibility Loan Program (ELP) is designed to address emergency home improvements or essential accessibility improvements.

Both of these loans are deferred loans– this means no monthly payments or interest, but there is a lien on the home. You must remain in the home for 15 years to be forgiven (10 years if it is a mobile home in a park).

How to get a RLP/ELP Loan

Call MVAC at 507-345-6822 or email our loans department at Loans@mnvac.org


Fix-up Loan

  • This is a Minnesota Housing pay-back home improvement loan.
  • Most basic and necessary home improvements qualify.
  • Low Interest Loan – must qualify through credit, equity and affordability.
  • Both secured (lien against property) and unsecured (no lien) are offered based on certain criteria.

Fact Sheet, Application and other information to send with is located below.  Please call if you have any questions.


How to get a Fix Up Loan

Call MVAC at 507-345-6822 or email our loans department at Loans@mnvac.org

Repair your roof or siding, replace the furnace, update windows and more. Home improvements can be affordable with the Minnesota Housing Fix Up Loan Program!

Small Cities Development Program (SCDP)

Minnesota Valley Action Council works with different communities to bring funds to that community to address both home and commercial improvement needs.

Please click here for current open projects.