Sharper Homes is an approved Minnesota Housing Workforce initiative. Any first-time homebuyer purchasing a home from Sharper Homes, Inc. is eligible for these special programs. Currently there are four options offered through the MHFA.

---

(MMP) Minnesota Mortgage Program

This program helps first time home buyers obtain affordable, below market fixed rate loans. Home buyer education is required for all programs.

Eligibility for MMP mortgage:

• First time home buyer, defined as not having owned a home in the last three years.
• Tax returns verifying no home ownership for the last three years.
• Acceptable credit.
• Income at or below prescribed limits.

MMP Income Limits:

Household size - Income Limit

• (1-4) $83,900
• (5) $90,700
• (6+) $96,400

MMP Home Cost Limit

11-County Twin City Metro Area: $298,125.00

---

HAF Entry Cost Assistance

HAF provides up to $3,000 to help borrowers with down payment.

Eligibility for HAF Down Payment Assistance

One of the following criteria:

• Borrowers eligible for the CASA Program
• Qualify as an MMP eligible target market
• Household earnings 60% or less of area media income

MMP Income Limits

MMP Targeted Borrower must meet the program income limits for first time homebuyer programs to use the Homeownership Assistance Fund at or below the following household incomes:

Household Size - Income Limits

• (1-4) $83,900
• (5) $90,700
• (6+) $96,400

---

(CASA) Community Activity Set-Aside

This program is a first time homebuyer loan program that helps low to moderate income Minnesotans buy a home. The affordable, low, fixed interest rates are available to eligible homebuyers through lenders participating in initiatives in several communities around the state.

Eligibility:

• First time home buyer
• 3 years tax returns
• Income at or below prescribed limit
• Sale price at or below prescribed limit
• Are purchasing a home within geographic service area of a CASA Community initiative

CASA Income Limits

11-County Twin Cities Metro Area*

Household Size - Income Limit

• (1-4) $67,200
• (5) $72,600
• (6) $78,000
• (7) $83,400
• (8) $88,800
• (9) $94,100
• (10**) $99,500

CASA Home Cost Limit

11-County Twin City Metro Area: $298,125.00

---

HOME HELP

HOME HELP provides down payment assistance through a deferred interest free loan, $5,000 or $10,000 federally funded, which must be fully repaid within the first six years of the loan if the borrower sells or vacates the property. After the sixth year, 70% of the loan is forgiven and the remaining 30% of the Home HELP loan amount is repaid when the loan matures, the property is sold, or is no long owner occupied. Home HELP is a limited resource, available on a first come first serve basis.

Home HELP Eligibility for the Home Homeowner Entry Loan Program

• First time home buyer
• Eligible for CASA Program
• Home income at or below Home HELP limits
• Qualify as an eligible target market for one of the CASA Community Initiatives in Twin Cities Metro Area approved to offer Home HELP
• Borrower must have $1,000 of their own funds in the transaction, posses limited assets and need payment assistance to qualify.
• Every property must have and pass a lead paint and housing quality inspection to use the funds.

(HELP) Income Limits

*11-County Twin Cities Metro

Household Size - Income Limit

• (1) $44,800
• (2) $51,200
• (3) $57,600
• (4) $64,000
• (5) $69,100
• (6) $74,250
• (7) $79,350
• (8) $84,500

HELP Home Cost Limit

• 11-County Twin Cites Metro - $276,683
• Balance of State - $200,160

Other restrictions may apply, see http://www.mnhousing.gov/ for complete guidelines.