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Homeownership Lending - Renville County Housing and Economic Development

105 South 5th Street, Suite 311, Olivia, MN 56277

Eligibility

Household either owns or is purchasing an owner-occupied home in Renville County and has a qualifying income. Properties financed with Contract for Deeds and Mobile Homes do not qualify for financing. Real estate taxes must be up to date. Must have homeowners insurance.

Required documents

- Proof of income - Proof of homeowner's insurance - Contractor's or material supplier's bids - Proof of availability of any additional financing needed to complete project - Photo id for notarization of mortgage

Hours

8 am - 4:30 pm Monday - Friday
https://www.renvillecountymn.gov/housing-and-economic-development/housing-authority/housing/#Homeowner
[email protected]

Interpretation services

Interpreters available with appointment

Application process

- Call; email; visit website; walk in; write - Borrower must complete a brief application and document income in order to reserve funding

Service area

Renville County, MN

Other Information

Program Fees

No Fee

Application Process

Walk In

Description

Loans are available for down payment and closing cost assistance for first time home buyers or for home improvement financing for current homeowners. - Down payment loans are deferred. - Home improvement loans are repayable at 0% interest over 5 years. - Maximum loan is $6,000. - Loans are a $1 for $1 match of other investment in the project. Some deferred home improvement loans are available to low income households with children or with a family member with a disability.

Last Assured

01/20/2025

Providing organization

Renville County Housing and Economic Development

- Provides housing to low-income families within Renville County

- Coordinates economic development activities in Renville County