Homeownership Programs eNews
May 22, 2019
[ 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.
Training Opportunities
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:
  • 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):
New Loan Commitment System Training
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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