Homeownership Programs eNews
June 4, 2020
[ The latest news for Minnesota Housing homeownership lender partners ]
Minnesota Housing is Hiring! 
We are looking for a Homeownership Training and Program Manager to join our Lending Programs Team. This position will work on a dynamic team that manages our home mortgage programs; including down-payment and closing cost loan programs, affordable first mortgage loans, and home improvement loans.

The individual in this position will identify our lender network’s training needs and coordinate in-person, webinar, and specialized trainings, and maintain our eLearnings to provide lenders the information and resources they need to successfully originate Minnesota Housing loans. See the full position description and more benefits of working at Minnesota Housing.  
Updated Program Manuals and Resources

We have updated the following resources to reflect the recent suspension of the Fannie Mae Preferred Risk Sharing™ product as well as other minor clarifications:
Reminder: Open for Business Letter 
In order to reassure sellers that Minnesota Housing homebuyer programs are available, we have created an Open for Business Letter that we would encourage you to pass along to your real estate partners for their use when presenting a purchase offer. The letter explains that Minnesota Housing has continuously served Minnesotans during the best and the most challenging economic environments and that all Minnesota Housing homeownership programs are available, including downpayment and closing costs loans.  

You can find this Open for Business Letter  on our Forms Guide and Glossary (in the Additional Resources section), and on the Real Estate Agent's page of our website. 
A Fix Up Loan Can Expand Your Clients' Options
Are you working with buyers that are looking at homes that need a little TLC ? Do you have former borrowers who are looking to complete some home improvements? Minnesota Housing's Fix Up program can finance most home renovation projects. Examples include: replacing windows and siding, kitchen or bath updates, finishing a basement, adding a garage or replacing mechanicals. 

Benefits of a Fix Up loan include:
  • Affordable fixed interest rates
  • Loan terms up to 20 years
  • Little to no equity required in the home
  • No prepayment penalty
  • Secured and unsecured loan options
  • No income limits on the Energy or Accessibility loans 
If you would like to learn more about the Fix Up program or to become a Fix Up program lender contact Kirsten Partenheimer.
Monthly Minnesota Housing Update & Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans.
Second half of the year sessions are:
Thursday, July 9
Thursday, August 13
Thursday, September 10
Thursday, October 8
Thursday, November 12
Thursday, December 10
Questions?
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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