Income Limits
*Effective for loans locked on or after July 3, 2023. See previous income limits listed below for loans locked prior to July 3rd.
|
Household Size |
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|---|
|
1-2 Person |
$124,200 |
$118,000 |
$111,700 |
|
3+ Person |
$142,800 |
$135,700 |
$128,400 |
| See Start Up Income limits. The First-Generation Homebuyer Loan Program Loan is an available option for any eligible Start Up Borrower who meets the First-Generation Homebuyer eligibility criteria. |
| Household Size | 11-County Twin Cities Metro Area* | Dodge and Olmsted Counties | All Other Counties |
|---|---|---|---|
| 1- 2 Person | $89,000 | $89,000 | $80,000 |
| 3 Person | $101,000 | $101,000 | $90,000 |
| 4 Person | $112,000 | $112,000 | $101,000 |
| 5 Person | $121,000 | $121,000 | $109,000 |
| 6 Person | $130,000 | $130,000 | $117,000 |
| 7 Person | $139,000 | $135,700 |
$125,000
|
| 8+ Person | $142,800 | $135,700 |
$128,400
|
| No separate income limits for Monthly Payment Loan. The Monthly Payment Loan is an available option for any Start Up or Step Up borrower. |
|
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|
|
$185,700 |
$185,700 |
$167,000 |
In connection with Single Family Division loan programs, Minnesota Housing does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with any Lender. The terms of any mortgage finance transactions conducted in connection with these programs, including important information such as loan fees, the annual percentage rate (APR), repayment conditions, disclosures, and any other materials which are required to be provided to the consumer are the responsibility of the Lender.
Previous Income Limits
Conventional Product Income Limits
- Conventional Product Income Limits - Contains the Income Limits that determine the MI coverage requirements for conventional loans. Use first mortgage Loan Qualifying income
