Homeownership Lending - Renville County Housing and Economic Development
Resource Name:Homeownership Lending - Renville County Housing and Economic Development
address
105 South 5th Street, Suite 311, Olivia, MN 56277
Eligibility
- Household must own or be purchasing a primary, owner-occupied home located in Renville County and meet applicable income eligibility requirements
- Properties financed through contract for deed are not eligible
- Mobile homes may be ineligible depending on ownership and property classification
- Property taxes must be current, and valid homeowners insurance is required
Required documents
- Proof of household income
- Valid government-issued photo identification
- Proof of homeowners insurance
- Contractor or material supplier bids (for home improvement projects)
- Documentation of additional financing, if required to complete the project
Hours
Voice
·Intake
Application process
Fees
Service area
Provides down payment assistance loans and home improvement financing to eligible homeowners in Renville County.
- Assistance amounts are generally up to $6,000 per program
- Down payment loans are deferred and may assist with closing costs for first-time homebuyers
- Home improvement loans are 0% interest, typically repayable over five years, and may require a 1:1 match of project funds
Additional deferred assistance may be available for low-income households, including those with children or a household member with a disability.
Last Assured
Providing organization
Rural county housing authority providing subsidized and income-based housing programs, rental assistance, and housing development support for low and moderate-income residents.