[The latest news for Minnesota Housing homeownership lender partners]
Important: Eligible Use of Funds Reminder
As buyers explore creative solutions in today's seller's market, please remember that borrowers may only use the Monthly Payment Loan, Deferred Payment Loan and Deferred Payment Loan Plus for downpayment and/or borrower closing costs. Loan funds may NOT be used to pay for:
Value gap financing (appraised value comes in lower than the purchase price)
Seller closing costs
Office Closed on Memorial Day
Minnesota Housing will be closed on Monday, May 27 in observance of Memorial Day. Lenders will be unable to lock new loans between 8:00 p.m. on Friday, May 24 and 10:00 a.m. on Tuesday, May 28.
Thank you to all who attended one of our spring in-person lender trainings. We'll have another in-person training this fall. In the meantime, check out our eLearning courses that are short and on-demand: