 Having issues opening eNews links? Here are few suggestions for easier viewing of links:
- Try using Firefox or Edge as the internet browser
- Make sure you have cleared your cache
- Select "View it as a webpage"
First-Generation Homebuyer Loan Program Tracker
Minnesota Housing added a First-Generation Homebuyer Loan Program Loan Commitment Tracker to our First-Generation Homebuyer Loan consumer webpage. The tracker will be used to provide a weekly update regarding the current availability of First-Generation Homebuyer Loan funds and funds committed to date. We encourage our lenders to check the tracker regularly as this will help with planning current and future loan transactions that include a First-Generation Homebuyer Loan.
Reminders for First-Generation Homebuyer Loan Program
-
First-Generation Homebuyer Loan Program Eligibility Worksheet: required on all First-Generation Homebuyer loans
-
Start Up Borrower Affidavit and First-Generation Homebuyer Affidavit: County and state where the document is signed must be completed.
- Borrowers are not required to use one of our standard downpayment assistance loans (DPA) to access the First-Generation Homebuyer loan program.
- If a borrower uses one of our standard DPAs and a First-Generation Homebuyer loan, then each loan should have its own note, mortgage and disclosures.
- Lien positions:
- MPL: requires second lien position
- DPL/DPL+: second lien position unless another community loan requires second position
- First-Generation: Subordinate to any DPL, DPL+, MPL or Impact Fund loan. May be subordinate to other DPA loans.
The First Generation Homebuyer Loan-related documents are available in Minnesota Housing's commitment system and in the Forms Guide and Glossary.
|
Join Us at an Upcoming Event
|
We partner with lenders and real estate professionals at community events throughout the state to provide information, resources, and unique opportunities to connect and empower Minnesotans to succeed in their housing goals.
Contact El Karnwie-Tuah to learn more about partnering with us at these or other upcoming events, or come and check out our booth!
|
|
 |
Monthly Training Webinars
Join Minnesota Housing for our monthly webinar series. These trainings lay out the basics of Start Up, Step Up, and our three Downpayment and Closing Cost loan options. These webinars also provide tips and best practices to help you successfully originate and close Minnesota Housing loans.
Monthly Update & Hot Topics Call
The Monthly Update & Hot Topics Call is open for everyone to attend, not just underwriters. During these calls we review recent Minnesota Housing updates and important information to help you originate and process our loans. Lenders are welcome to submit questions or topics to discuss on the call. This is a great venue to have more in-depth discussion on advance topics.
Please go here to register for the 2024 calls.
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 second Thursday of the month from 9 a.m. - 10 a.m. Central time.
2024 Schedule:
- August 8
- September 12
- October 10
- November 14
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8 a.m. and 5 p.m. on business days.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2023, the Agency distributed $1.85 billion in resources and served 69,500 households. Visit our website to learn more.
|
