General Questions
How do I get a loan from North Dakota Housing Finance Agency (NDHFA)?
To have NDHFA finance a mortgage loan, potential borrowers should apply through a lender that originates mortgage loans on the agency’s behalf. The lender handles the loan application and all the work it takes to originate and close a mortgage loan. The lender then sells the mortgage loan to NDHFA.
Does NDHFA offer down payment assistance?
If you want to become a homeowner or are looking to purchase a different home, but you don’t have enough cash for the down payment or to cover closing costs, NDHFA may be able to help. Combined with our mortgage programs, getting a boost to cover upfront costs, can bring you one step closer to owning a new home.
What are NDHFA’s interest rates?
Interest rates can change daily. Please visit www.ndhfa.org for more information.
Does North Dakota Housing Finance Agency’s (NDHFA) homeownership programs have income limits?
Yes, NDHFA’s FirstHome and HomeAccess programs do have income limits that vary depending on family size and the location of the home purchased. Households whose income exceeds the limits of these programs may qualify for assistance through our North Dakota Roots program.
Can North Dakota Housing Finance Agency (NDHFA) provide rental assistance for the apartment/house I currently live in?
No. In North Dakota, county housing authorities administer the Section 8 voucher program.
Does North Dakota Housing Finance Agency (NDHFA) offer emergency assistance?
No, NDHFA does not provide emergency assistance. For emergency assistance, please contact North Dakota Health and Human Services, a local non-profit organization or FirstLink Directory of Resources.
What grant money can NDHFA offer for my project?
The Rehab Accessibility Program (RAP), administered by NDHFA, offers grant dollars for the renovation of properties occupied by lower-income North Dakotans with physical disabilities. Examples of qualifying renovations include the installation of ramps, door levers, walk-in/roll-in showers, grab bars and the widening of doorways.
What development programs does NDHFA have?
NDHFA offers gap financing products for the development of affordable housing. Funding opportunities can involve infrastructure, construction, and permanent financing to make homeownership and rental opportunities affordable.