[ The latest news for Minnesota Housing homeownership lender partners ]
Changes to the Conventional Cash to Close Grant
The grant amount for the Conventional Cash to Close Grant available with Freddie Mac HFA Advantage℠ loans is changing to a fixed dollar amount based on the borrower’s qualifying income. This change is effective for new loans locked on or after April 23, 2018. 
The Conventional Cash to Close Grant is only available with our conventional Freddie Mac Advantage℠ loans. 
Please refer to the Conventional Cash to Close Grant Lender Guide for income limits and additional guidelines. This guide will be updated to reflect the change to a fixed dollar amount on April 23, 2018.
Fannie Mae HFA Preferred Now Allows Manufactured Homes 
Effective immediately, manufactured homes (taxed as real property) are eligible (up to 95% LTV/105% CLTV) with Fannie Mae HFA Preferred™. Please note: manufactured homes are not eligible with Fannie Mae Preferred Risk Sharing™ or Freddie Mac HFA Advantage℠.
For product details, please see the Fannie Mae HFA Preferred™ Product Description.
For more information about manufactured home requirements, please reference section 4.01 of the Start Up Procedural Manual or section 4.01 of the Step Up Procedural Manual, as applicable.
Updated Program and Product Descriptions 
Updated conventional product descriptions and an updated Start Up/Step Up program description are available in the Lender Toolkit under “Program Descriptions.” Please ensure you are referring to the descriptions dated April 10 or 11, 2018 for the most up-to-date eligibility requirements. 
Register for Spring In-Person Trainings
Refresh your knowledge of our homeownership programs and get the latest updates from Minnesota Housing.
If you can't join us in April, check back in the fall when we announce our next in-person training dates and locations.
For help with registration, please contact Nicola Viana at 651.297.9510.
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.