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Become a Minnesota Housing Lending Partner

The Minnesota Housing Homes division offers several opportunities for lenders doing business in Minnesota to participate in our programs.  To apply for participation in one of our Single-family mortgage programs, download and/or print Minnesota Housing Homes Division Contracts and Application forms for the program in which you are interested.  When filling out these forms, keep in mind that any data typed into the form will disappear upon closing the form and will not be saved.

Please print your completed form prior to closing and be sure to check the "Auto-rotate and center pages" box in your Print options and uncheck the "shrink to fit" or "expand to fit" boxes if applicable.

First Time Homebuyer Mortgage Loan Programs

Minnesota Mortgage Program (MMP):  The Minnesota Mortgage Program (MMP) is a first time homebuyer loan program that helps low to moderate income Minnesotans to buy a home. The program offers affordable, low interest rates to assist households purchasing eligible homes in Minnesota.
Under the program, lenders originate, process, underwrite, close and fund the loans in accordance with an industry standard secondary market loan product and the Minnesota Mortgage Program Procedural Manual. After, closing the loan, the lender sells the loan to Minnesota Housing. 

Community Activity Set Aside Program (CASA):  CASA is an add-on program for eligible MMP Lending Partners, and provides affordable mortgage financing to support community-based partnerships that target resources to increase the emerging market homeownership rate and address workforce housing issues. As with the Minnesota Mortgage Program, lenders sell closed loans to Minnesota Housing, providing income eligible first-time homebuyers with a below market interest rate on their first mortgage and loan funds to provide entry cost assistance (downpayment and closing costs) and lower monthly payments. In addition, CASA program options include Monthly Payment Assistance and the option of a 30-year mortgage term.

Lenders, local governments and nonprofit housing providers interested in forming a partnership to access funds established to support community initiatives apply throughout the year subject to funds availability. At a minimum, partnerships must include at least one government or nonprofit partner and a local Minnesota Housing lender.

First Time Homebuyer Mortgage Loan Programs
Application Materials

Current CASA Initiatives

 

HOME Homeowner Entry Loan Program (HOME HELP):  HOME HELP is an add-on program for eligible CASA initiatives and provides eligible first-time homebuyers with an interest free deferred loan for downpayment and closing costs. 

Lenders, local governments and nonprofit housing providers interested in forming a partnership to access HOME HELP funds to support their community initiatives can apply for a CASA designation throughout the year, subject to HOME HELP fund eligibility.  These initiatives must focus on HOME HELP priorities.  At a minimum, partnerships must include at least one government or nonprofit partner and a local Minnesota Housing lender. 

HOME HELP Application Materials

 

Home Improvement Loan Programs

Fix-up Fund (FUF):  Minnesota Housing purchases eligible home improvement loans from participating Lending Partners. The loans are originated to low-and moderate-income homeowners designated by Minnesota Housing.

Participating Lending Partners will independently process, underwrite, close and fund each loan using normal, prudent underwriting standards, provide their own funds to the borrowers, then sell the loans to Minnesota Housing. The lenders are paid a processing fee per loan, and are reimbursed for the original principal amount of the loan.

Community Fix-up Fund (CFUF):  CFUF is an add-on program for eligible FUF lending partners and provides and provides affordable financing to support community-based partnerships that target resources.  Lenders who work with CFUF are able to offer a slightly lower interest rate for regular CFUF loans, and the program has options for originating non-prime and discount loans.  More information about CFUF can be found in the CFUF Program Concept.  For current CFUF Discount Loan factors, contact the Homes Division Help Desk at 651-296-8215 or e-mail us at mhfa@state.mn.us.

Fix-up Fund/Community Fix-up Fund Loan Programs
Application Materials

Current CFUF Initiatives

Rehabilitation Loan Program (Rehab):  The Rehabilitation Loan program assists low to moderate income homeowners in financing home improvements that directly affect the safety, habitability, energy efficiency and accessibility of their homes.

 

Foreclosure Prevention Loan Program

Foreclosure Prevention Assistance Program (FPAP):  Minnesota Housing provides eligible 501c3 non-profit organizations with access to funds to assist borrowers at risk of losing their homes in the State of Minnesota.  Eligible organizations apply through the Homeownership Education, Counseling and Training Fund (HECAT) Request for Proposal on an annual basis.

HOME Homeowner Entry Loan Program (HOME HELP) Foreclosure Remediation:  To help and encourage investment in areas of the state impacted by foreclosure or subprime lending, HOME HELP funds can be used to assist with the sale of homes that are vacant as the result of foreclosure, or for foreclosed properties in areas where a local unit of government has declared a neighborhood, ward, or zip code impacted by high levels of foreclosure or subprime loans. Properties in declared areas need not be vacant as a result of foreclosure.  This program activity is currently under development.  Guidelines will be posted in the near future.  Please check back.

Need help with your application?
Contact a Homes Division Regional Representative to learn more about Minnesota Housing programs and how you can participate.