What are the rehab loan programs’ guidelines?

Semcac’s Community Development Department administers two types of housing rehab loans for owner-occupied homes:

1. The Minnesota Fix-Up Fund offers low interest loans for households with annual income at or below $96,500. Year-round owner-occupied homes, including single family homes and duplexes up to a four-plex are allowable. The applicant must have a credit score of at least 620.
2. The MN Housing Rehab Loan Program is income based according to household size.  Please call for current income limits.