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Loan Document Updates eNews
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May 12, 2022
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 Mortgage Loans | #16-2022
We have made changes to the following forms:
- Subsidy Recapture Disclosure Statement and Tennessen Warning - updated for loans locked on or after 6.1.2022
- Forms Guide and Glossary (This is not a required form but a guide showing what documents go with what loans.)
What changed in these documents?
The subsidy recapture income limits have been updated to reflect the limits effective for loans locked on or after 6.1.2022.
The Forms Guide and Glossary has been updated to reflect which version of the Subsidy Recapture and Tennessen Warning form is required, based on lock date.
Timeline:
The updated Subsidy Recapture Disclosure Statement and Tennessen Warning (version date 6.1.2022) must be used for Start Up loans locked on or after 6.1.2022.
Loans locked on or before 5.31.2022 must continue to use the Subsidy Disclosure Statement and Tennessen Warning with version date 5.5.2021.
Where can I find the document?
Click here to access editable Minnesota Housing loan documents for loans committed in the Loan Commitment System.
Questions? Contact us at SF.BSPS.MHFA@state.mn.us.
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