Three Rivers Community Action, Inc. offers the Minnesota Housing Finance Agency Home Improvement Loan Program.

Applicants can borrow up to $35,000.00 at the current interest rate of 7 2/5 %.

The maximum household income can not exceed $90,000.

The borrower has to be able to show they are solvent, be a reasonable credit risk, and have equity in the property to support the total indebtedness of the property.

The property to be improved must be the homeowners completed principal year-round permanent residence.

Loans are to be used for basic and necessary improvements that make the home more livable, accessible and energy efficient such as electrical wiring, plumbing, roofing, siding, windows, insulation, and heating; improvements to meet the unique needs of disabled persons; improvements that will increase the property's compliance with applicable housing codes.

The pay-back period for loans can not exceed 20 years

For more information or an application please contact:
Three Rivers Community Action, Inc.
Jane Vanderbosch
1414 North Star Drive
Zumbrota, MN 55992
1-800-277-8418 extension 113
www.mhfa.state.mn.us