Increased Income Limits Effective June 1
Plus: Register for Moorhead and
St. Cloud Lender Trainings

Increased Income Limits
Income limits for the following programs will increase for loans locked on or after June 1, 2017:
  • Start Up
  • Mortgage Credit Certificate (MCC)
  • Step Up
  • Downpayment and closing cost loans (Monthly Payment Loan, Deferred Payment Loan/Deferred Payment Loan+)

The new income limits will be posted to Minnesota Housing’s website on June 1. 

*The 11-county Twin Cities Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties. 
Updated Subsidy Recapture and Tennessen Warning Forms

As a result of the new income limits, we will post updated Start Up and Mortgage Credit Certificate Subsidy Recapture and Tennessen Warning Forms on the website and in Forms Generator on June 1.

For all loans locked prior to June 1, continue using the currently posted forms (dated 02/08/17). For all loans locked on or after June 1, please use the updated forms (dated 06/01/17).

Reminder: In-Person Home Mortgage Trainings
Moorhead and St. Cloud area partners: Join us for an upcoming in-person home mortgage training to brush up on your Minnesota Housing knowledge and skills.  

Each session will cover borrower eligibility for Start Up, Step Up and downpayment assistance loans and the forms and documents needed to close these loans. Loan officers, underwriters, processors, closers and post-closers are all encouraged to attend.  

Registration is free and required for each attendee. Click the links above to register. We hope to see you there! 

Questions? Contact Nicola Viana at 651.297.9510.

Need a Minnesota Housing Refresher?
Can't make it to the in-person training? Get the updates you need from your computer! Visit the training page and register for our June Webinars: 
Office Closed on Memorial Day
Minnesota Housing will be closed on Monday, May 29 for Memorial Day. Lenders will be unable to lock new loans between 5:00 p.m. on Friday, May 26 and 10:00 a.m. on Tuesday, May 30.
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.
400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
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