Homeownership Programs eNews
June 27, 2018
[ The latest news for Minnesota Housing homeownership lender partners ]
Revised Address for First Mortgage Assignments
U.S. Bank rescinded its address change for first mortgage assignments. Please disregard our June 13 eNews announcing the address change and use the following address instead:
17500 Rockside Road
Bedford, OH 44146
The Assignment of Mortgage and Endorsement of Note instructions has been updated to reflect the address.
Reminder: Increased Income Limits Effective July 2
Income limits for the following programs will increase for loans locked on or after July 2, 2018:
  • 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 the Minnesota Housing's website on July 2.
*The 11-county Twin Cities Metro Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties. 
Reminder: Increased Home Cost Limits Effective July 2
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 2, 2018:
  • 11-county metro area - $328,200
  • All other counties - $271,100
The new limits will be posted to the Minnesota Housing's website on July 2.
Training Opportunities
If you are new to our programs or just need a refresher, please visit our training page and register for our July live webinars:
eLearning Modules (on-demand): 
  • Intro to Minnesota Housing
  • Income Training
  • Start Up Forms
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 Webinars (on-demand):
Questions?
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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