[The latest news for Minnesota Housing homeownership lender partners]
Conventional Cash to Close Grants Update
With Freddie Mac HFA AdvantageSM: Grants will be available into 2018. No end date for the grants has been determined.
As a reminder, the grant amount must be 200 basis points of the loan amount or 50 basis points of the loan amount (rounding up or down in $100 increments) depending on income. The full amount of the grant must be used; partial grants are not allowed.
With Fannie Mae HFA Preferred™ and HFA Preferred Risk Sharing™: Loans with grants must close by December 31, 2017 and be purchased by February 15, 2018.
Intro to Minnesota Housing: View the instructions to create an eLearning account to access this on-demand training. If you already created an account, click here to view your training record and take the course.
Income Training: eLearning module coming soon!
Loan Commitment System Training: Recorded Webinar coming soon!
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.