|
Loan Document Updates eNews
|
May 20, 2024
|
|
|
 Mortgage Loans Document Update| #29-2024
We have made changes to the following forms:
- Subsidy Recapture Statement and Tennessen Warning - updated for loans locked on or after 6.3.2024
- Forms Guide and Glossary (This is not a required form but a guide showing what documents go with what loans.)
What changed in this document?
The subsidy recapture income limits have been updated to reflect the limits effective for loans locked on or after 6.3.2024. The Forms Guide and Glossary will be updated tomorrow to reflect which version of the Subsidy Recapture Statement and Tennessen Warning form is required, based on lock date.
Timeline:
The updated Subsidy Recapture Statement and Tennessen Warning (version date 4.16.2024) must be used for Start Up loans locked on or after 6.3.2024.
Loans locked on or before 5.31.2024 must continue to use the Subsidy Recapture Statement and Tennessen Warning with version date 1.26.2024.
Where can I find the documents?
Click here to access editable Minnesota Housing loan documents for loans committed in the Commitment System.
The webpage is located on the Partner Portal section of our website. The portal is passcode protected. The passcode is partner.
Questions? Contact us at SF.BSPS.MHFA@state.mn.us.
|
|
|
|
