[ The latest news for Minnesota Housing homeownership lender partners ]
Increased Income Limits Effective July 1
Income limits for the following programs will increase for loans locked on or after July 1, 2019:
  • Start Up
  • Step Up
  • Downpayment and Closing Cost Loans (Monthly Payment Loan, Deferred Payment Loan, Deferred Payment Loan Plus)
The new income limits will be posted to Minnesota Housing's website on July 1.
*The 11-county Twin Cities Metro Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties. 
Increased Home Cost Limits Effective July 1
The acquisition cost limit for Start Up and the purchase price or refinance loan amount limit for Step Up will increase for loans locked  on or after July 1, 2019:
  • 11-county metro area: $330,100
  • All other counties: $283,300
The new limits will be posted to Minnesota Housing's website on July 1.
Document Updates
Monthly Payment Loan and Deferred Payment Loan Notes
We have updated the Monthly Payment Loan and Deferred Payment Loan Notes to include a co-signer signature block. The new notes (dated 6/10/2019) will be required for all loans closed on or after July 15, 2019.
Start Up Subsidy Recapture Disclosure Statement and Tennessen Warning
We are happy to inform you that for forms generated in our loan commitment system on or after June 14, 2019, the Subsidy Recapture Disclosure's Target Area box will auto-check if the system determines the property is in a Targeted Areas Census Tract. Please note if you're generating documents outside of Minnesota Housing's new commitment system, you will still need to mark the box for Targeted Areas if applicable. 
Training Opportunities
Check out our quick, on-demand eLearning courses:
  • Intro to Minnesota Housing (10 minutes)
  • Start Up Eligibility Basics (10 minutes)
  • Start Up Income Training (25 minutes)
  • Start Up Forms (20 minutes)
  • Downpayment and Closing Cost Loans (10 minutes)
  • Conventional Products (10 minutes)
  • Post-closing (10 minutes)
View the instructions to create an eLearning account to access these on-demand trainings. If you already created an account, view your training record and take the course.
Recorded Trainings (on-demand):
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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