Dayton's Bluff Neighborhood Housing Services

Serving the Dayton's Bluff Neighborhood since 1980


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


Purpose: Low interest loans to resident homeowners for housing renovation

Eligibility:
      *Residence: Applicants must own and occupy the property
      *Income Limit: Gross household income must be below income limit shown in chart. 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 (click below) should be reviewed before sending in an application (click below) and/or prior to the rehab loan appointment.  You can schedule an appointment by calling the office at (651) 774-6995 or by sending an e-mail to:  info@dbnhs.org

DBNHS Loan Application, click to download

 

2016 Income Limit Table

Number in Family
Maximum Income
 1
$46,000
 2
$52,600
 3
$59,150
 4
$65,700
 5
$71,000
 6
$76,250
 7
$81,500
 8
$86,750


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Minnesota Housing Fix Up Loan

Purpose:
Secured and Unsecured loan options for home improvement financing

Eligibility:

      *Residence: Applicants must own and occupy the property
      *Income Limit: $99,500 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

For more information, please follow the link to read the Features and Program Summary

  Unsecured Loan
 Secured Loan
 Secured Energy / Accessibility Loan
 Unsecured Energy Incentive Loan
Income Limit
 $99,500 $99,500 No income limit
 No income limit
Maximum Loan Amount
 $15,000 $50,000 $15,000 $15,000
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

Minnesota Housing Fix Up Loan Application, click to download



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Minnesota Housing Rehabilitation Loan


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

Eligibility:

      *Residence: Applicants must own and occupy the property
      *Income Limit: Limits vary by household size. Income limit is $25,800 for a family of 4.
      *Asset Limit: Assets may not exceed $25,000

Loan Terms: Deferred loan forgiven after 15 years

Interest Rate: 0%






Dayton's Bluff Neighborhood Housing Services | 823 7th Street E | St. Paul, MN 55106 | 651.774.6995 direct | 651.774.0445 fax

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