[The latest news for Minnesota Housing homeownership lender partners]
Reminder: Increased Income Limits Effective June 15, 2020
The following new 2020 Income Limits will go into effect for loans locked on or after June 15, 2020:
Reminder: Increased Start Up Acquisition Cost Limits Effective on June 15, 2020
The acquisition cost limits for Start Up have increased for loans locked on or after June 15, 2020:
11-county metro area: $340,000
All other counties: $294,600
Did you know? Step Up Home Cost Limits Increased in February
In February we increased the Step Up purchase price and refinance loan amount limits above the Start Up limits, and we increased the limits for two-unit properties.
Minnesota Housing is Hiring!
We are looking for a Homeownership Training and Program Manager to join our Lending Programs Team. This position will work on a dynamic team that manages our home mortgage programs; including down-payment and closing cost loan programs, affordable first mortgage loans, and home improvement loans.
Still running into folks who are skeptical that Minnesota Housing is open? In addition to our Open for Business Letter, we now have a new video you can share to help spread the news that The Work Continues at Minnesota Housing.
New Series of Monthly Minnesota Housing Update & Underwriter Calls
Please note that if you signed up for the last series of calls, you'll need to register again for the new series. 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 9
Thursday, August 13
Thursday, September 10
Thursday, October 8
Thursday, November 12
Thursday, December 10
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.