Minnesota Housing is a trusted state agency that works with Border Bank to provide an array of loan products to buy a new home, or improve your current home. For most of the loans, borrowers must meet certain eligibility requirements, income limits, minimum credit score and owner-occupancy requirements. Contact your Real Estate Lender at your local Border Bank branch to learn more.
Affordable Homebuyer Loan Programs: Minnesota Housing offers the Start Up Loan Program, which are loans for first-time homebuyers; and offers the Step Up Loan Program for purchase or refinance loans for existing homeowners and repeat homebuyers.
Minnesota Fix Up Program: The Fix Up program offers flexible financing options, with loan amounts ranging from $2,00 to $75,000. Borrowers must meet certain eligibility requirements, income limits, minimum credit score and owner-occupancy requirement.
Secured and unsecured loans are available with no income limits for select energy efficiency projects.
Rehabilitation Loan Program | Emergency & Accessibility Loan Program: This program helps low-income homeowners finance important home repair project that directly affect the safety, habitability, energy efficiency or accessibility of their homes, and also provides financing towards the replacement of manufactured homes.
for a Fix Up Loan.