[The latest news for Minnesota Housing homeownership lender partners]
Updated Borrower Affidavit
We recenty made minor language updates to the Borrower Affidavit for consistency with other Mortgage Revenue Bond (MRB) documents. The updated Borrower Affidavit (dated 6.10.2021) may be used immediately and must be used for loans locked on or after 6.30.21.
If you generate forms in Minnesota Housing's loan commitment system, the updated document is already available.
If you use your own system or a document management company to generate forms, we are working with your company's document management contact to update your forms.
Reminder: Fannie Mae & Freddie Mac 80% AMI Income Limits Changes
Conventional 80% Area Median Income (AMI) qualifying income limits for all Minnesota counties are changing, which affects loan pricing, MI costs, and UPMI product availability.
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, July 8
eLearning Training Courses
Are you interested in learning more about Minnesota Housing loan programs, requirements, and how they work? The eLearning training courses are a great place to start. These self-paced training modules lay out the basics of the Start Up and Step Up programs, eligibility and income requirements, down payment and closing cost loans, and much more! To view a complete list of courses, visit the Homeownership Training page and select eLearning Courses.
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.