Minn. R. agency 148, ch. 4900, HOME ENERGY LOANS, pt. 4900.0591
A borrower shall individually or in the aggregate possess at least a one-third interest in a fee title, a contract for deed, or a life estate in the property to be improved.
For manufactured or factory made housing taxed as personal property or not permanently affixed to real property, a borrower must individually or in the aggregate have a 100 percent interest in the title to the housing to be improved.
A borrower shall be a reasonable credit risk, and shall be able to pay the loan obligation, as determined by the agency under part 4900.0080, or by a lending institution that originates a loan for sale to the agency.
A borrower shall occupy the property to be improved as his or her principal place of residence.
Minn. R. agency 148, ch. 4900, HOME ENERGY LOANS, pt. 4900.0591
Statutory Authority: MS s 462A.06