Real Estate Agents

Minnesota Housing loan programs can help homeownership dreams become a reality. Real estate agents can assist qualified homebuyers in learning about and accessing the loan programs we have available.

Our new First-Generation Homebuyer Loan Program is now available — for a limited time only! The program has funding to serve approximately 1,500 eligible borrowers on a first-come, first-served basis. The program will be available until funds are exhausted.

To learn about the program, check out:

• First-Generation Homebuyer Loan webpage
• First-Generation Homebuyer Loan flyer (also available in Hmong, Somali, Spanish) (also available in our Marketing Center)
• Watch the recording of our information session on the program.

Important: Fannie Mae’s and Freddie Mac’s definition of a First-Generation homebuyer and their Form 1109 First-Time Homebuyer Certification do not apply to our program. A borrower using the Minnesota Housing First-Generation Homebuyer Loan must meet Minnesota Housing’s definition of a First-Generation Homebuyer and sign Minnesota Housing's First-Generation Homebuyer Affidavit. 

Not for Investment Properties: Because residency for the whole term of the loan is required to be eligible for forgiveness, the First-Generation Homebuyer Loan is not a vehicle to purchase a home, live in it temporarily, and then rent it out. The First-Generation Homebuyer Loan balance becomes due immediately and in full when the property converts to non-owner-occupancy, or if borrowers sell or refinance the home. 

Want to know more? Contact a Minnesota Housing Lender Partner.

Minnesota Housing's First-Generation Homebuyer Loan Program is different from the First-Generation Homebuyers Community Down Payment Assistance Fund. Borrowers cannot combine Minnesota Housing's First-Generation Homebuyer Loan with the First-Generation Homebuyers Community Down Payment Assistance Fund. The goal of both programs is to help more first-generation homebuyers access homeownership.

The First-Generation Homebuyers Community Downpayment Assistance Fund is not yet available. Visit firstgendpa.org to stay up to date on when the First-Generation Homebuyers Community Downpayment Assistance Fund will become available. 

These educational offerings are recognized by the Minnesota Department of Commerce as satisfying one or two hours of credit towards real estate continuing education requirements.

Register for a Minnesota Housing homeownership loans class by selecting a class offering below:

Please note: Online classes are the same course number, and you can only take the course once to receive course credit. Please check your Pulse Portal account if you are unsure if you have taken the course and received credit.

Bring Minnesota Housing to your real estate office for an in-person class! You and your colleagues will earn free continuing education credits and you’ll have a chance to ask questions and learn how our loan programs can benefit your clients.

Thank you for your interest in hosting a Minnesota Housing free CE class at your broker office.  We are on a summer hiatus.  Find us at community events all summer.  If you are interested in joining us at events, please see the Event Partnership Opportunities page of our website.  We would love to have you and your lender partners lend a hand. 

We hope you all have a busy buying/selling season.  Check back here at the end of summer to schedule hosting a CE class in the fall. 

Minnesota Housing offers free marketing materials that industry professionals may order or download through our Marketing Center to help promote our programs to potential homebuyers.