Updating, Improving, and Repairing Your Moorhead Home
Community Home Improvement Loans
- City of Moorhead Community Development Block Grant (CDBG) loans with low to moderate income limits
- Clay County Housing & Redevelopment Authority (HRA) Rehabilitation loans with extremely low income limits
- Minnesota Housing Fix Up loans offers a variety of loans, with and without income limits
- Neighborhood Impact Program in partnership with Gate City Bank, 2.25% APR for 10 year term and 3.00% APR for 15 year term, loans up to $75,000; available until October 31, 2020.
Which of these loan resources is right for you?
Most of these special loan programs have household income limits, with the exception of energy conservation and accessibility improvement loans through Minnesota Housing's Fix Up program, and Gate City Bank's Neighborhood Impact Program. The best loan terms are generally the programs with the lower income limits. If you are eligible, the City of Moorhead CDBG or Clay County HRA loans have the best loan terms but typically also the longest waiting lists. There is an exception to the City's waiting list if a life-safety repair is needed to the home (verified by City inspection).
Don’t qualify for one of these special programs?
Local banks also offer home improvement loans and home equity lines of credit. Contact your lender for more details.
Moorhead teams up with the Home Builders Association of Fargo-Moorhead Remodeler’s Council and Freedom Resource Center to offer accessibility ramps for lower income individuals with disabilities living in Moorhead. If you or someone you know may need this assistance, please contact Neighborhood Services.