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.

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.