[ The latest news for Minnesota Housing homeownership lender partners ]
Reminder: Mortgage Deed Amendments No Longer Required

Mortgage Deed Amendments/Addendums are no longer required for any Minnesota Housing loans, effective immediately for loans in all stages. U.S. Bank Home Mortgage, HFA Division is removing this requirement from their checklist. If you get a deficiency citation for this form, contact your U.S. Bank Deficiency Specialist to have the deficiency removed. 

Reminder: Conventional Cash to Close Grants

For a limited time, conventional loan borrowers with qualifying incomes at or below 80% AMI (by county) can receive third party grants for cash to close. Grants can be added to existing loans or when locking a new conventional loan.

Unlike our Deferred Payment Loan and Monthly Payment Loan, these grants do not need to be paid back. Borrowers can still layer other community seconds and Minnesota Housing's downpayment and closing cost loans with these grants. Grants are available until funds are exhausted.

For more information, see the Conventional Cash to Close Grant Lender Guide.

Mortgage Credit Certificate Program Still Available - Now with Lower Interest

The Mortgage Credit Certificate (MCC) Program is still available - likely through the end of the year! The program now has a lower interest rate to match the Start Up program rates. We estimate we will have funds through the rest of 2017, but check the MCC page for weekly updates on the estimated date we will stop accepting new MCC commitments.

Loans must be locked by December 18, 2017 and must close by December 31, 2017 to be eligible.

If you need a refresher on the MCC Program, check out the MCC Recorded Training and the MCC Lender Guide.

For help on how to evaluate whether the MCC might be a good option for your borrower, or for any other questions about MCCs, please contact MCC Program Manager Kirsten Partenheimer at 651.297.3656.

November Webinars
If you are new to our program or just need a refresher, please visit our training page and register for our November Webinars: 
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.
Twitter Facebook LinkedIn
powered by emma
Subscribe to our email list.