To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident. Be a Minnesota resident.To apply for the residential homestead classification, you must: Complete a manufactured homestead application (PDF). You must be a Minnesota resident. Married couples are considered "one unit" for the purpose of homestead. This can provide asset protection from creditors for at least some of house's value. You must be a Minnesota resident. CY of Death Exemption. Complete the form online and select the state's e-file option. The homestead exemption is designed to offer both physical shelter and financial protection, blocking the forced sale of a primary residence.