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
(320)523-3656
Voice
Email[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
Application Process
- Walk In
Program Fees
- No Fee
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.
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