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Income Limits for Minnesota Housing Mortgage Programs

Start Up, Mortgage Credit Certificate and Step Up

Household Size

11-County Twin Cities Metro Area*

Rochester MSA**

Balance of State

1-2 Person

$83,900

$81,300

$73,900

3+ Person

$96,485

$93,495

$84,985

Deferred Payment Loan (Only available with Start Up First Mortgage Loans)

Income Limits:  The following income limits are effective for Deferred Payment Loans as of April 1, 2014:

Household Size

11-County Twin Cities Metro Area*

Rochester MSA**

Balance of State

1-4 Person

$60,000

$60,000

$55,000

5 Person

$64,800

$64,800

$59,400

6 Person

$69,600

$69,600

$63,800

7 Person

$74,400

$74,400

$68,200

8 Person

$79,200

$79,200

$72,600

9 Person

$84,000

$84,000

$77,000

10 Person

$88,800

$88,800

$81,400

*The 11-county Twin Cities Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.

**Rochester MSA includes Dodge and Olmsted Counties

HOME HELP (Only available with Start Up First Mortgage Loans)

The following income limits are effective for HOME HELP loans committed on or after December 18, 2012:

2013 HOME HELP Income Limits - effective 3/15/2013

Monthly Payment Loan (Available with Start Up, Mortgage Credit Certificate (with First Mortgage)
and Step Up Loans) (Not available with the Mortgage Credit Certificate (Stand-alone) option
)

Use Start Up/Mortgage Credit Certificate/Step Up Loan Income Limits shown above