Income Limits
*Effective for loans locked on or after June 2, 2025. Refer to previous income limits for loans locked prior to June 2nd.
|
Household Size |
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|---|
|
1-2 Person |
$132,400 |
$125,600 |
$116,900 |
|
3+ Person |
$152,200 |
$144,400 |
$134,400 |
Start Up Eligibility Income Guidance
Each Start Up loan file will have two income calculations: Eligibility and Qualifying. See the Eligibility and Qualifying Income Reference Guide for further explanation about when to use each type of calculation.
- For Start Up eligibility income use the Start Up Program Eligibility Income Worksheet guidance on whose income and what income to include. Include the income of the following people:
- A person who will have title to the property and will sign the mortgage (i.e. a Borrower).
- A person expected to live in the residence being financed and is a legal spouse of the Borrower.
- A person expected both to live in the residence being financed and to sign or guarantee the mortgage note (i.e. an occupant co-signer).
- For qualifying income, follow industry standard documentation and calculation requirements.
| Household Size | 11-County Twin Cities Metro Area* | Dodge and Olmsted Counties | All Other Counties |
|---|---|---|---|
| 1-2 Person | $85,000 | $85,000 | $75,000 |
| 3 Person | $95,000 | $95,000 | $84,000 |
| 4 Person | $106,000 | $106,000 | $94,000 |
| 5 Person | $114,000 | $114,000 | $101,000 |
| 6 Person | $123,000 | $123,000 | $108,000 |
| 7 Person | $131,000 | $131,000 |
$116,000
|
| 8 Person | $140,000 | $140,000 |
$123,000
|
| 9+ Person | $146,000 | $144,400 |
$129,000
|
| When the Monthly Payment Loan is used with Start Up, use the Start Up income limits listed above. |
| Household Size | 11-County Twin Cities Metro Area* | Dodge and Olmsted Counties | All Other Counties |
| 1-2 Person | $139,000 | $139,000 | $122,700 |
| 3+ Person | $159,900 | $159,900 | $141,200 |
|
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|
|
$197,900 |
$197,900 |
$174,800 |
*The 11-county Twin Cities Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.
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
