Purchase Price Limits
* Effective for loans locked on or after January 2, 2024.
Start Up Purchase Price Limits
- Acquisition cost must fall under the following limits:
|
|
One Unit
|
Two Unit
|
|---|---|---|
|
11-County Metro
|
$515,200
|
$659,550
|
|
All Other Counties
|
$472,030
|
$604,400
|
Step Up Purchase Price Limits
- Purchase price/refinance loan amount must fall under the following limits:
Monthly Payment Loan
(2nd mortgage available with Start Up or Step Up)
Acquisition Cost Limit - See Start Up and Step Up limits.
Deferred Payment Loan and
Deferred Payment Loan Plus
(2nd mortgage available only with Start Up)
Acquisition Cost Limit - See Start Up limits.
*The 11-county Metro is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.
