[ The latest news for Minnesota Housing homeownership lender partners ]
Tips for Success:
Non-Occupant Co-Borrower vs.
Non-Occupant Co-Signer
Introducing a new occasional section of our eNews where we share tips for working with our home mortage programs
What is a non-occupant Co-Borrower?
A person who will be on the title, signing both the mortgage and the note, and not living in the property.
Non-occupant co-borrowers are not allowed with Start Up.
What is a non-occupant Co-Signer?
A person who will not be on the title, not sign the mortgage and not live in the property, and will sign the note.
Non-occupant co-signers are allowed with Start Up.
How do I use a non-occupant Co-Signer with Start Up?
DOs
  • Make sure they sign the second mortgage note, if applicable.
  • You may include them in the industry standard qualifying income calculation.
DON'Ts
  • Don't have them sign any Minnesota Housing documents other than the second note, if applicable.
  • Don't include them in the Start Up eligibility income calculation.
  • Don't enter them into Minnesota Housing's loan commitment system.
  • Don't include them in the household size because they will not be living in the home.
Office Closed on Presidents Day
Minnesota Housing will be closed on Monday, February 18 in observance of Presidents Day. Lenders will be unable to lock new loans between 5:00 p.m. on Friday, February 15 and 10:00 a.m. on Tuesday, February 19.
Monthly Minnesota Housing Update and Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans. Click here to register for monthly calls. You will be signed up for all sessions, but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
  • Thursday, February 14
  • Thursday, March 14
  • Thursday, April 11
Training Opportunities
We offer free, short and on-demand eLearning modules:
  • 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):
We offer in-person training twice a year, in the spring and the fall. Stay tuned - we announce trainings in our eNews!
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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