Ways to get a true do it yourself loan

Few taking care of kitchen area renovation

Fix-Up Home Improvement Loans

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

Result in the true house improvements, repairs and renovations you would like, with financing it is possible to manage.

  • Affordable, fixed interest levels (see rates that are current www. Mnhousing.gov)
  • Reduced prices for qualified power effectiveness and accessibility improvements
  • Loan amounts from $2,000 to $50,000
  • Secured and loan that is unsecured
  • Greater loan-to-value ratio (+100%) on secured finance than old-fashioned loan services and products
  • Repayment terms as much as two decades
  • Choice to employ a contractor or do the ongoing work yourself
  • No prepayment penalty

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

  • Very Own and occupy the house to be enhanced (solitary household domiciles, duplexes, triplexes and fourplexes meet the criteria)
  • Meet our minimum credit history demands
  • Meet with the income that is eligible (currently more than area median income—inquire for details)

What improvements could I make?

Below are a few examples – ask your lender in the event the task is qualified.

General house repairs and renovating

  • Porches and decks
  • Kitchen or bathroom remodels
  • Finishing a cellar
  • Siding and roofing
  • Mold and radon mitigation
  • Fundamental storage, if none exists
  • Energy savings improvements

Home heating and air conditioning that is central

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

Which Fix Up loan is suitable for me personally?

Program and income needs susceptible to alter. Please ask or see www. Mnhousing.gov to learn more.

Secured

Secured by mortgage lien

Optimum Loan Amount

$50,000

Optimum Repayment Term

10-20 years

Unsecured

No equity or home loan lien required

Optimum Loan Amount

$15,000

Optimum Repayment Term

A decade

Secured Energy

Secured by home loan lien

Optimum 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

Decade

Secured Accessibility

Secured by home loan lien

Optimum Loan Amount

$15,000

Maximum Repayment Term

10-20 years

Loan Type Protection Type Optimum Loan Amount Optimum Repayment Term

Just how do I get going?

  1. Down load and save yourself application, complete on the web, and e-mail to service@ucbankmn.com.
  2. Go ahead and contact Lisa at 218-346-9771 or Perry at 218-346-9774, or they will get in touch with you when getting the job.
  3. Get Bids. Get specialist bids or detailed materials estimates from a building supplier for work
  4. Mission Accomplished! Wind up the paperwork together with your loan provider, help your house be improvements, and celebrate your achievement.

*This task ended up being permitted with a grant through the U.S. Department of Energy therefore the 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 working together with customers to assist them to attain their goals that are financial specially realizing their desire getting their home. 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 https://speedyloan.net/installment-loans-ks City Council, Dent Lions Club, Dent Community Club Favorite element of My Job: getting together with and helping clients with their economic needs Minnesota Picks: golf and fishing