Minnesota Housing Income Limits
Start Up Income Limits
|
Household Size |
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|---|
|
1-2 Person |
$117,300 |
$111,500 |
$104,000 |
|
3+ Person |
$134,800 |
$128,200 |
$119,600 |
Step Up Income Limits
|
11-County Twin Cities Metro Area* |
Dodge and Olmsted Counties |
All Other Counties |
|---|---|---|
|
$175,400 |
$175,400 |
$155,500 |
Monthly Payment Loan
(2nd mortgage available with Start Up or Step Up)
No separate income limits for Monthly Payment Loan. The Monthly Payment Loan is an available option for any Start Up or Step Up borrower.
Deferred Payment Loan and Deferred Payment Loan Plus
(2nd mortgage available only with Start Up)
| Household Size | 11-County Twin Cities Metro Area* | Dodge and Olmsted Counties | All Other Counties |
|---|---|---|---|
| 1- 2 Person | $84,000 | $84,000 | $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 | $122,000 | $122,000 | $109,000 |
| 7+ Person | $131,000 | $128,200 | $116,000 |
*The 11-county Twin Cities Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties.
Conventional Product Income Limits
- Conventional Product Income Limits - Contains the Income Limits that determine the interest rate and MI coverage requirements for conventional loans. Use first mortgage Loan Qualifying income.
- Previous Income Limits