The CDA’s Home Improvement Loan Program assists low- and moderate-income homeowners with making repairs and improvements to their homes, including roof and furnace replacements, windows and siding, electrical and plumbing repairs, and more.
Features of this loan include:
Zero Percent Interest
No monthly payment
Repayable when ownership changes or you move from the property. You may be required to repay the loan if you refinance your home or take out a home equity loan.
$15,000 loan minimum; $35,000 loan limit
Common projects include:
Windows and Siding
Electrical and plumbing repairs
Improvements for special needs, such as ramps, bathroom or kitchen modifications
Do I qualify?
Eligible applicants must:
Own their home
Have sufficient equity in the property
Have a satisfactory credit history
Have a gross annual income with the program income limits (listed on the CDA website referenced below).
If you have questions about this home improvement loan, please contact the Dakota County CDA at 651-675-4462.