BOCA RATON, Fla. - Homeowners Financial Corp. has completed a long- term financing with First Bank Association of Minneapolis.

Homeowners Financial announced that the facility includes a $4 million, five-year loan due Aug. 31, 2000, and a $5 million, one-year warehousing line to provide interim financing for the purchase of mortgage loans acquired for resale.

The company said it would use the loan to retire debt with Franklin Federal Bancorp, receiving more-favorable interest rates, and to complete the final payment for Developers Mortgage Corp. and certain assets of Developers Service Corp.

Homeowners Financial services about $620.7 million of mortgages.

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