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New Income Limits Effective June 2, 2025
The following 2025 income limits will be effective for loans locked on or after June 2, 2025:
Start Up Income Limits
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Household Size
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11-County Twin Cities Metro Area*
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Dodge and Olmsted Counties
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All Other Counties
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1-2 Person
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$132,400
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$125,600
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$116,900
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3+ Person
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$152,200
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$144,400
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$134,400
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Step Up Income Limits
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11-County Twin Cities Metro Area
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Dodge and Olmsted Counties
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All Other Counties
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$197,900
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$197,900
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$174,800
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Monthly Payment Loan (2nd mortgage available with Start Up or Step Up) When the Monthly Payment Loan is used with Start Up, use the Start Up Income Limits above.
Monthly Payment Loan Income Limits for Step Up
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Household Size
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11-County Twin Cities Metro Area*
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Dodge and Olmsted Counties
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All Other Counties
|
|
1-2 Person
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$139,000
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$139,000
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$122,700
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3+ Person
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$159,900
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$159,900
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$141,200
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Deferred Payment Loan and Deferred Payment Loan Plus (2nd mortgage available only with Start Up)
|
Household Size
|
11-County Twin Cities Metro Area*
|
Dodge and Olmsted Counties
|
All Other Counties
|
|
1- 2 Person
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$85,000
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$85,000
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$75,000
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3 Person
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$95,000
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$95,000
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$84,000
|
|
4 Person
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$106,000
|
$106,000
|
$94,000
|
|
5 Person
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$114,000
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$114,000
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$101,000
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|
6 Person
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$123,000
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$123,000
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$108,000
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|
7 Person
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$131,000
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$131,000
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$116,000
|
|
8 Person
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$140,000
|
$140,000
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$123,000
|
|
9 Person
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$146,000
|
$144,400
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$129,000
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The new income limits will be posted to our website and related documents will be updated on June 2, 2025.
*The 11-county Twin Cities Metro Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.
Purchase Price Limits Still in Effect from January 2, 2024
Start Up Acquisition Cost and Step Up Purchase Price Limits: The limits posted in January 2024 remain in effect. These limits can be found on our website and in the Start Up | Step Up Program Descriptions.
Updated Subsidy Recapture Disclosure Statement and Tennessen Warning
The Subsidy Recapture Statement and Tennessen Warning has been updated to reflect the 2025 income limits. The updated form (version date 06.02.2025) must be used for loans locked on or after June 2, 2025.
- If you generate forms in Minnesota Housing's commitment system, the system will automatically select the correct form based on the lock date.
- If you use your own system or a document management company, we worked with your company's document management contact to update your forms.
On June 2, 2025 the Forms Guide and Glossary will be updated to include the new Subsidy Recapture Statement and Tennessen Warning. The Forms Guide and Glossary will indicate which version of the form to use, based on the lock date.
2025 Conventional Income Limits for Lower Cost PMI
On May 18, 2025, the Conventional 80% Area Median Income (AMI) qualifying income limits for Minnesota counties changed. Only borrowers with loan qualifying income under 80% AMI are eligible for charter rate MI. See the Fannie Mae HFA Preferred™ and Freddie Mac HFA Advantage® product descriptions for details on charter rate coverage.
Review your DU/LPA findings to determine whether your borrower is above or below 80% AMI. We have updated the Conventional Income Limits document. The applicable limit may vary depending on a number of factors, including DU/LPA create/submission date, application received date, property location, manual/automated underwriting, etc.
No impact on loan pricing: As a reminder, these conventional income limits no longer impact loan pricing.
For additional guidance on implementation specifics, see the following announcements:
Monthly Update & Hot Topics Call
The Monthly Update & Hot Topics Call is open for everyone to attend. 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.
Register for the 2025 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 9-10 a.m. Central time.
2025 Schedule:
- June 12
- July 10
- August 14
- September 11
- October 9
- November 13
- December 11
2025 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.
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 2024, we distributed $1.96 billion in resources and served 73,650 households. Visit our website to learn more.
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