Services

Home Improvement Loan Programs

Please refer to this map to determine if you are in our service area:
Map of Service Area

Please submit completed application packets and supporting documents directly to DBNHS at 823 East 7th Street, St. Paul, MN 55106. We do not charge any fees at the time of application.

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DBNHS Revolving Loan Fund

DBNHS Loan Application, click to download

Purpose: Low interest loans to resident homeowners for housing renovation

Eligibility:
      *Residence: Applicants must own and occupy the property on the East Side of St. Paul.
      *Income Limit: Gross household income must be below income limit shown in the    chart below. All income sources from all household members are included in the gross income calculation. Income limits are updated annually.
      *Property Type: Single family, duplex, triplex and fourplex properties are eligible.

Loan Terms: Monthly payment based on income and rehab loan amount.

Interest Rate: Interest rates are currently 1%, 2%, or 3%, depending on household income.

The DBNHS Revolving Loan Process should be reviewed before sending in an application and/or prior to the rehab loan appointment. This form is included in the DBNHS Loan Application. You can schedule an appointment by calling the office at (651) 774-6995 or by sending an e-mail to: slarson@dbnhs.org

2024 Income Limit Table

Number in Household	Maximum Income
1	$68,500
2	$78,250
3	$88,050
4	$97,800
5	$105,650
6	$113,450
7	$121,300
8	$129,100

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Minnesota Housing Fix Up Loan

Minnesota Housing Fix Up Loan Application, click to download

Purpose: Secured and Unsecured loan options for home improvement financing

Eligibility:
      *Residence: Applicants must own and occupy the property
      *Income Limit: $175,400 regardless of household size
      *Property Type: Single family, duplex, triplex and fourplex properties are eligible.

Loan Terms: 10 to 20 year payback terms depending on loan type and loan amount

Interest Rate: Fixed interest rate - contact our office for the current interest rates

	Unsecured Loan	Secured Loan	Secured Energy / Accessibility Loan	Unsecured Energy Incentive Loan
Income Limit	$185,700	$185,700	No income limit	No income limit
Maximum Loan Amount	$25,000	$75,000	$60,000 / $35,000	$30,000
Security Type	No mortgage lien required	Secured by mortgage lien	Secured by mortgage lien	No mortgage lien required
Maximum Repayment Term	10 years	10 to 20 years	10 to 20 years	10 years
Minimum Credit Score	680	620	620	680

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Minnesota Housing Rehabilitation Loan

WE ARE NOT CURRENTLY SENDING OUT APPLICATIONS FOR THIS PROGRAM. PLEASE CONTACT OUR OFFICE TO BE PLACED ON A WAITING LIST IF YOU WOULD LIKE AN APPLICATION IN THE FUTURE. WE DO NOT HAVE A TIME ESTIMATE OF WHEN APPLICATIONS WILL BE SENT OUT.

Purpose: Loans to resident homeowners for basic and necessary home improvements

Eligibility:
      *Residence: Applicants must own and occupy the property
      *Income Limit: Gross household income must be below income limit shown in the chart below. All income sources from all household members are included in the gross income calculation. Income limits are updated annually.
      *Asset Limit: Assets may not exceed $25,000

Loan Terms: Deferred loan forgiven after 15 years

Interest Rate: 0%

Number in Household	Maximum Income
1	$26,100
2	$29,800
3	$33,600
4	$37,300
5	$40,300
6	$43,300
7	$46,200
8	$49,200

Number in Family