Getting do it yourself loan

Getting do it yourself loan

Few focusing on home renovation

Fix-Up Home Improvement Loans

United Community Bank lovers with Minnesota Housing to deliver Fix Up do it yourself loans.

Result in the home improvements, repairs and renovations you need, with funding you really can afford.

  • Affordable, fixed interest levels (see present rates at www. Mnhousing.gov)
  • Reduced rates for qualified power effectiveness and accessibility improvements
  • Loan amounts from $2,000 to $50,000
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  • Secured and loan that is unsecured
  • Greater loan-to-value ratio (+100%) on secured finance than old-fashioned loan items
  • Repayment terms as much as twenty years
  • Choice to employ a contractor or perform some ongoing work yourself
  • No prepayment penalty

You may qualify for a Fix Up loan in the event that you:

  • Very Own and occupy the house to be enhanced (single family members domiciles, duplexes, triplexes and fourplexes qualify)
  • Meet our minimum credit history demands
  • Meet up with the income that is eligible (presently more than area median income—inquire for details)

What improvements am I able to make?

Below are a few examples – ask your loan provider if the task is qualified.

General house repairs and renovating

  • Porches and decks
  • Bathroom or kitchen area remodels
  • Completing a cellar
  • Siding and roofing
  • Mold and mitigation that is radon
  • Fundamental storage, if none exists
  • Energy effectiveness improvements

Home heating and main ac

  • Windows
  • Insulation, loft atmosphere sealing
  • Hot water heater
  • Accessibility improvements
  • Home accessibility alterations
  • Security changes

Which Fix Up loan is suitable for me personally?

Program and income needs subject to change. Please ask or see www. Mnhousing.gov to learn more.

Secured

Secured by home loan lien

Optimum Loan Amount

$50,000

Optimum Repayment Term

10-20 years

Unsecured

No mortgage or equity lien needed

Optimum Loan Amount

$15,000

Optimum Repayment Term

Ten years

Secured Energy

Secured by home loan lien

Maximum Loan Amount

$15,000

Optimum Repayment Term

10-20 years

Unsecured Energy

No mortgage or equity lien needed

Optimum Loan Amount

$15,000

Optimum Repayment Term

A decade

Secured Accessibility

Secured by mortgage lien

Optimum Loan Amount

$15,000

Maximum Repayment Term

10-20 years

Loan Type Protection Type Optimum Loan Amount Optimum Repayment Term

How can I get started?

  1. Down load and conserve application, complete on line, and email to service@ucbankmn.com.
  2. Go ahead and contact Lisa at 218-346-9771 or Perry at 218-346-9774, or they shall get in touch with you when getting the application.
  3. Get Bids. Get specialist bids or step-by-step materials estimates from a building provider for work
  4. Mission Accomplished! Wind up the paperwork along with your loan provider, help your house be improvements, and commemorate your achievement.

*This task ended up being authorized by a grant through the U.S. Department of Energy together with Minnesota Department of Commerce through the United states healing and Reinvestment Act of 2009 (ARRA).

Lisa, since 1997

Perham, MN 218-346-9771 NMLS 480593

Meet Lisa

Aspects of Expertise: home loan financing, MN Housing Fix-Up Loan Program, HELOC loans Alma Mater: University of North Dakota Community Involvement: Perham ladies of Focus, Perham Chamber Favorite section of My Job: i like dealing with consumers to assist them to attain their goals that are financial particularly realizing their desire having unique house. Minnesota Picks: Pontooning on Marion Lake

Perry, since 1980

Dent, MN 218-346-9774 NMLS 809531

Meet Perry

Aspects of Expertise: Lending Community Involvement: Dent Fire & save, Dent City Council, Dent Lions Club, Dent Community Club Favorite section of My Job: getting together with and customers that are helping their monetary requirements Minnesota Picks: golf and fishing