Income Limits
*Effective for loans locked on or after June 3, 2024. See previous income limits listed below for loans locked prior to June 3rd.
|
Household Size |
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|---|
|
1-2 Person |
$124,200 |
$117,200 |
$111,800 |
|
3+ Person |
$142,800 |
$134,700 |
$128,500 |
|
The Minnesota First-Generation Homebuyer Loan Program is closed for new commitments. The one-time funds have been exhausted. See Start Up Income limits. |
| 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 | $91,000 |
| 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 | $134,700 |
$125,000
|
| 8+ Person | $142,800 | $134,700 |
$128,500
|
| 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 |
$167,100 |
*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
