Plus survey extension and upcoming training
Plus survey extension and upcoming training
Updated Manual and Forms Now Available
Plus: Lender Survey deadline extended

Form Updates
We have made several updates to the following forms:
  • FHA DPA Commitment Form and FHA Award Letter: Both forms are required on all FHA loans with a Minnesota Housing downpayment and closing cost loan and have been updated with Assistant Commissioner Kasey Kier’s signature. The forms are available in Forms Generator or via the links above. You can begin using these forms now and must use them for all commitments after February 11.
  • The Appliance Form can now be used for new construction Start Up and MCC first mortgage loans in addition to FHA 203k loans. Borrowers purchasing appliances can document compliance with the Start Up and MCC personal property requirement with this form by documenting that funding sources other than the first mortgage are used to purchase the appliances. Examples of funding sources could include: the borrower’s own funds, a Minnesota Housing downpayment and closing cost loan, or another community second loan.  
  • The Income Tax Affidavit, while not a required form, can be used to document that a borrower was not required to file a federal income tax return in any or all of the three years prior to closing. 
Step Up Manual Update
The Step Up Manual is updated to include homebuyer education requirements in section 2.06. 
Lender Survey Extended!
Minnesota Housing truly values input from our partners. Please take a few minutes to complete this anonymous survey by Tuesday, February 4. Let us know what we can do better!
Reminder – Underwriting Fee Exemption
U.S. Bank released a bulletin dated 1/26/15 (HFA Underwriting Fee 2015-03) that references a $300 underwriting fee. This fee does not apply to Minnesota Housing lenders who are exempt from sending conventional loans with 95.01-97% LTVs to U.S. Bank MRBP for underwriting. 
Please reference the HFA Preferred™ and HFA Preferred Risk Sharing™ product descriptions for more information about these programs.
Upcoming Trainings
Trainings are not just for loan officers! Our Webinars are just as important for underwriters, processors, closers and post-closers. Register for our February trainings today:
  • Monthly Underwriter Conference Call: Dial-in number: 888.742.5095; Conference code: 6848244658
Contact the Partner Solutions Team at 651.296.8215/800.710.8871, Monday-Friday from 7:30 a.m. - 5:00 p.m.
400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
powered by emma
Subscribe to our email list.