[ The latest news for Minnesota Housing homeownership lender partners ]
Mortgage Credit Certificate Program Still Available - Now with Lower Interest Rates!

The Mortgage Credit Certificate (MCC) Program is still available—likely through the end of the year! The program now has a lower interest rate to match the Start Up program rates. Don’t miss out on this great opportunity to help your fall borrowers save thousands of dollars on their taxes and earn their loyalty for years! 

We estimate we will have funds through the rest of 2017, but check the MCC page for weekly updates on the estimated date we will stop accepting new MCC commitments. Loans must be locked by December 18, 2017 and must close by December 31, 2017 to be eligible. 

If you need a refresher on the MCC Program, check out the MCC Recorded Training and the MCC Lender Guide.  

For help on how to evaluate whether the MCC might be a good option for your borrower, or for any other questions about MCCs, please contact MCC Program Manager Kirsten Partenheimer at 651.297.3656.

Register Today for October 5 In-Person Training

Please join us to learn about our homeownership programs and get the latest updates from Minnesota Housing, U.S. Bank HFA Division and Fannie Mae.  

Thursday, October 5
8:30 a.m.–3:30 p.m. 

New Brighton Community Center - Room A
400 10th St NW, New Brighton, MN 55112

Customize your day by choosing any or all of the following sessions (as applicable to your role) when you register. View detailed information about each session and the intended audiences.

  • 8:30-9:00 a.m.: Registration 
  • 9:00-10:00 a.m.: Minnesota Housing Program Eligibility Overview
  • 10:15-11:00 a.m.: Conventional Products Basics
  • 11:10-11:50 a.m.: Conventional Products Discussion - Fannie Mae will be joining us!
  • 12:00–1:00 p.m.: Lunch with U.S. Bank (lunch provided) 
  • 1:10–2:10 p.m.: All About Income: Calculating Income for Minnesota Housing Programs
  • 2:20–3:30 p.m.: Document Training 

Registration is free and required for each attendee. Contact Nicola Viana at 651.297.9510 with questions.

TRID Update: Disclosing Deferred Payment Loans

On July 7, 2017, the CFPB published changes to the Know Before You Own disclosure rules, commonly known in the industry as the TILA-RESPA Integrated Disclosure rule (TRID). These changes go into effect October 10, 2017 and become mandatory on October 1, 2018.

In the coming weeks, Minnesota Housing will provide updated guidance on disclosing Deferred Payments Loans for loans originated on or after October 10, 2017. There will be no changes for disclosing Monthly Payment Loans.

We're Hiring
Minnesota Housing is hiring! We are looking for a Lending Partner Customer Service Specialist to provide high-level and comprehensive problem-solving assistance to Agency business partners (lenders, real estate agents, and more) regarding Agency home mortgage, downpayment and home improvement programs. This job posting closes on Friday, September 22.
October Webinars
Our monthly training is back! If you are new to our program or just need a refresher, please visit our training page and register for our October Webinars: 
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 7:30 a.m. and 5:00 p.m. on business days.
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