Fix-up Funds

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If you're looking for a home improvement loan, you should know that Home Federal is a Top Producing Fix-Up Fund Lender for Minnesota Housing Finance Agency. This unique loan program allows you to borrow funds for remodeling, repairs, and energy efficiency projects at a low, fixed interest rate. Monthly payments are low and affordable, and you may borrow up to 110% of the after-improved value of your home. Loan amounts range from $2,000 to $50,000. It is important to know the Fix-up Fund loan applicants may not have a household income greater than $141,000*. They must also own and occupy the property to be improved. Credit and repayment ability are considered when applying for this type of home improvement loan.

* $141,000 is the income limit for the 11 County Twin Cities Metro Area, along with Olmsted and Dodge Counties. All other Minnesota Counties have an income limit of $125,900. 

Albert Lea

Cody Habana
Relationship Manager

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David Wagner
Relationship Specialist

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Matthew McMartin
Branch Manager/ Relationship Manager

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Spring Valley

Charity Rasmussen
Assistant Branch Manager

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For information on other equity lending options, choose one of the links below: