Home Repair Loan Program
These loan funds may be used to make your home more livable, accessible and energy efficient, in Benton, Sherburne and Stearns Counties(excluding the City of St.Cloud). All applicants MUST apply for the Energy Assistance Program (EAP) prior to applying for this Home Repair Loan Program.
- 15 Year 0% interest forgivable loan on Real Property.
- 10 Year 0% interest forgivable loan on Mobile Home/Personal Property.
- Own the Property & Principal place of residence
- Current on Property Taxes.
- Current Homeowner's Insurance required on property.
- Maximum Assets of $25,000 (does not include primary residence, personal belongings and 1 vehicle).
- The interest rate is 0%.
- The Maximum loan is $27,000.
- If your house was built 1978 or before lead regulations apply.
- The following Gross Income Limits apply:
| Household Size | Yearly Gross Income |
|---|---|
| 1 | $17,700 |
| 2 | $20,200 |
| 3 | $22,700 |
| 4 | $25,200 |
| 5 | $27,100 |
| 6 | $29,100 |
| 7 | $31,300 |
| 8 | $33,300 |
Guidelines change annually
Go to the forms page to access the application for this program.