Which of the following best describes the eligibility requirements for a Minnesota start-up program?

The eligibility requirements for a Minnesota start-up program incorporate various factors that collectively ensure that participants are suitable candidates for assistance. First, being a first-time homebuyer with no credit history is relevant, as these programs are often tailored to help those entering the housing market, especially individuals who may not have established credit yet.

Second, having a credit score of 640 or above is frequently a standard benchmark in many financing programs to ensure that applicants have at least a minimum level of creditworthiness. This threshold helps to minimize the risk for lenders and ensures that borrowers are likely to be able to repay their loans.

Lastly, meeting specific income limits is essential for these programs as they are designed to assist low to moderate-income families. This requirement ensures that the assistance is directed to those who need it most, aligning with the goal of promoting homeownership among those who may struggle to secure financing through conventional means.

All these criteria together encapsulate the holistic approach of the Minnesota start-up program to assist first-time homebuyers effectively, making "all of the above" the most comprehensive and correct choice as it encompasses the entirety of the eligibility requirements.