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Rental Rehabilitation Loan Program Administration for Lenders

The Rental Rehabilitation Loan Program offers rehabilitation loans to owners of smaller rental properties occupied by persons or families that have an income less than 80% of the statewide median income. The loan is a 6% annual percentage rate, with a term of up to 15 years. The loan is non-assumable, and due on sale. You may receive up to $25,000 for a one or two unit property, or $10,000 per unit for larger properties, with a maximum amount of $100,000.

Information

RRL Loan Processing Forms for Lenders

Apply to be an RRL Lender
Lender Participation Application Form

Contact
Susan Haugen at susan.haugen@state.mn.us or 651.296.9848.