Security Deposit Loan Program

Security Deposit Loan Program

The Security Deposit Loan Program was developed to provide low-interest loans for security deposits for income-eligible applicants in Perham.

Loan Terms
2% interest
repayable over lease term (12 month maximum term)
maximum loan $750

Loan funds can only be used toward the security deposit, this is NOT to assist with monthly rent or first-month’s rent.

Submitted application must include the following:
–  current driver’s license or state issued photo ID
– social security card
– current pay stubs
– any other sources of income
– copy of lease agreement

Funds are limited! Please call Haley at (218)346-4582 or email hehrnst@cityofperham.com to check on availability of funds.

For other rental assistance, please contact the following local organizations: