Getting do it yourself loan

Getting do it yourself loan

Couple taking care of home renovation

Fix-Up Home Improvement Loans

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

Result in the true house improvements, repairs and renovations you need, with funding it is possible to manage.

  • Affordable, fixed interest levels (see rates that are current www. Mnhousing.gov)
  • Reduced prices for eligible energy accessibility and efficiency improvements
  • Loan amounts from $2,000 to $50,000
  • Secured and unsecured loan choices
  • Greater loan-to-value ratio (+100%) on secured personal loans than old-fashioned loan items
  • Repayment terms as much as two decades
  • Solution to employ a contractor or perform some ongoing work yourself
  • No prepayment penalty

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

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

What improvements am I able to make?

Here are a few examples – ask your loan provider in case the task is qualified.

General house repairs and renovating

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

Home heating and central ac

  • Windows
  • Insulation, loft air sealing
  • Hot water heater
  • Accessibility improvements
  • Home accessibility customizations
  • Security changes

Which Fix Up loan is suitable for me personally?

Program and income demands susceptible to alter. Please inquire 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

Maximum Loan Amount

$15,000

Optimum Repayment Term

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

Ten years

Secured Accessibility

Secured by home loan lien

Optimum Loan Amount

$15,000

Optimum Repayment Term

10-20 years

Loan Type Safety Type Optimum Loan Amount Optimum Repayment Term

How do you get going?

  1. Download and conserve application, complete on line, and e-mail to service@ucbankmn.com.
  2. Take a moment to contact Lisa at 218-346-9771 or Perry at 218-346-9774, or they will get in touch with you when getting the application.
  3. Get Bids. Get specialist bids or materials that are detailed from a building provider for work
  4. Mission Accomplished! Finish off the paperwork together with your loan provider, help your house be improvements, and commemorate your achievement.

*This project had been permitted by a grant from the U.S. Department of Energy additionally the Minnesota Department of Commerce through the American healing and Reinvestment Act of 2009 (ARRA).

Lisa, since 1997

Perham, MN 218-346-9771 NMLS 480593

Meet Lisa

Regions 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 element of My Job: i love working together with consumers to aid them attain their goals that are financial specially realizing their desire getting their very own home. installment loans kansas Minnesota Picks: Pontooning on Marion Lake

Perry, since 1980

Dent, MN 218-346-9774 NMLS 809531

Meet Perry

Regions of Expertise: Lending Community Involvement: Dent Fire & save, Dent City Council, Dent Lions Club, Dent Community Club Favorite element of My Job: getting together with and assisting clients with their monetary requirements Minnesota Picks: golf and fishing

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