[ The latest news for Minnesota Housing homeownership lender partners ]
U.S. Bank National Flood Insurance Updates
U.S. Bank recently announced national flood insurance guideline updates. Please review Seller Guide 2019-046 for important information.
Updated Start Up & Step Up Procedural Manuals
We added two new sections to the Start Up and Step Up Procedural Manuals. Chapter 1 was updated with a Responsible Lending Policy. Chapter 2 was updated with sections on Fraud, Misuse of Funds, Conflict of Interest, Suspension, and Disclosure and Reporting.
Interested in Fix Up?
Participating in Minnesota Housing's Fix Up Loan Program allows you to offer an added service to your clients, both old and new. Whether you have clients preparing to close on a fixer-upper or past clients who want to update their kitchen or a bathroom, Fix Up can finance most home renovation projects.
The benefits of a Fix Up loan include:
  • Fixed interest rates
  • Loan terms up to 20 years
  • Little to no equity required in the home
  • No prepayment penalty
  • Secured and unsecured loan options
  • No income limits on the Energy or Accessibility loans
If you would like to learn more about the Fix Up program or are interested in offering it, please contact Kirsten Partenheimer at 651.297.3656.
Monthly Minnesota Housing Update & Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans. Click here to register for the monthly calls.
When you register, you will be signed up for all sessions but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
  • Thursday, October 10
  • Thursday, November 14
  • Thursday, December 12
Training Opportunities
Check out our quick, on-demand eLearning courses:
  • 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)
  • 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 Webinar (on-demand):
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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