Minnesota Administrative Rules
Agency 148 - Housing Finance Agency
Chapter 4900 - HOUSING LOANS AND GRANTS
HOMEOWNERSHIP ASSISTANCE FUND
Part 4900.1359 - ELIGIBLE PROPERTY
Universal Citation: MN Rules 4900.1359
Current through Register Vol. 48, No. 39, March 25, 2024
To qualify as an eligible property, the property being purchased with the assistance of a homeownership assistance fund loan must be a newly constructed or existing single-family residential dwelling located within the state. At the time the property is purchased, the property must be totally completed, in good repair, and meet mortgage industry accepted underwriting standards, or provisions must be made to assure that these standards will be met.
Statutory Authority:MS s 462A.06
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