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<br />The City of Mounds View has partnered with the Center for Energy and Environment’s Lending <br />Center to offer improvement loan programs for residents. <br /> <br /> <br />LOW INTEREST LOAN <br /> 3% fixed rate (3.225% APR)* or 4% (4.229% <br />APR)* Interest rate is determined by household <br />income <br /> $15,000 maximum loan amount <br /> No maximum income limit <br /> Up to a 10 year loan term <br /> Most interior and exterior improvements are <br />eligible <br /> <br />MOBILE HOME LOAN <br /> 3% or 4% fixed APR rate <br />Interest rate is determined by household income <br /> $10,000 maximum loan amount <br /> No maximum income limit <br /> Up to a 7 year loan term <br /> Most interior and exterior improvements are <br />eligible <br /> <br />EMERGENCY REPAIR LOAN <br /> 0% fixed rate <br /> $5,000 maximum loan amount <br /> The deferred loan is 100% due if the property <br />ownership changes <br /> Eligible improvements will be determined through <br />a required analysis of the emergency condition of <br />the property <br /> Applicants must not be eligible for the low interest <br />loan and must be current on mortgage payments <br />and property taxes. <br /> <br /> <br /> <br />For more information on this or other programs contact 612 -335-5884, <br />email loaninfo@mncee.org or visit mnlendingcenter.org. <br /> <br /> <br />CITY OF MOUNDS VIEW <br />LOAN PROGRAM <br />The current loan terms and conditions stated, including <br />interest rates, do not constitute a commitment to lend or <br />offer to enter into an agreement, and such an offer may <br />only be made pursuant to Minnesota Statues, Section <br />47.206(3) and (4). <br /> <br />*APR is based on $15,000 for 10 years. Closing costs apply.