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Homeownership Lending Program Training Next Week
Join us on Tuesday, November 12 from 10 a.m. - 2 p.m. for a Homeownership Lending Programs In-Person Training. We will provide an overview of our Start Up first-time homebuyer loan program, review the Step Up program, and go through downpayment and closing cost program loan options. We will do a deep dive into Income Essentials where we will discuss Program Eligibility Income and Qualifying Income. We will also share program updates from our Homeownership & Home Improvement Teams. We look forward to seeing you soon!
Minnesota Housing Closed for Veterans Day
Minnesota Housing will be closed on Monday, November 11 in observance of Veterans Day. Lenders will be unable to lock loans from 5 p.m. on Friday, November 8 to 10 a.m. on Tuesday, November 12.
Reminder: Update to Start Up Income Eligibility
Minnesota Housing has updated the Start Up Income Eligibility Worksheet to reflect the recent change to income determination of Veterans Disability Benefits set by the tax code. This update is only for the Start Up income eligibility calculation. Review the Eligibility and Qualifying Income Reference Guide for further guidance on eligibility and qualifying income.
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.
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