 Increased Fix Up Income Limits Effective Today
Fix Up income limits will increase for loans locked on or after today, June 1, 2022. The new income limits are:
- 11-County Twin Cities Metro Area*: $175,400
- Dodge & Olmsted Counties: $175,400
- All Other Counties: $155,500
The new income limits are posted on Minnesota Housing's website.
*The 11-county Twin Cities Metro Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.
Property Value Field in Commitment System
Minnesota Housing's commitment system was recently updated to increase the reasonableness threshold in the Property Value Limit field for Fix Up loans. Previously, lenders needed to contact the Partner Solutions Team if the property value was more than $500,000. The reasonableness threshold has been increased to $900,000.
As a reminder, Fix Up does not have a maximum property value limit.
Fix Up 101 Training Webinar
Please join us on Wednesday, June 15 from 9:00 - 10:30 a.m. for a live Fix Up 101 Training Webinar. This training is designed for new lenders or current lenders who need a refresher. Please click here to register.
Fix Up Monthly Check-in Calls
Join us for monthly webinars where we focus on answering questions about Fix Up and reviewing pertinent program topics. Please email Sanderia Davis with any topics or questions for the next monthly check-in. Click here to register.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Most calls occur on the third Wednesday of the month at 9 a.m. CST. Calls generally last 10-30 minutes depending on topics and conversation. Once a quarter we offer the Fix Up 101 Training in lieu of the monthly check-in call.
Upcoming Sessions:
- Wednesday, July 20
- Wednesday, August 17
- Wednesday, October 19
- Wednesday, November 16
Questions?
Contact 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.
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