North Dakota Housing Finance Agency

HomeKey Program

The North Dakota Housing Finance Agency’s (NDHFA) HomeKey Program strives to make the home purchase battle a little easier for lower-income families and individuals. With HomeKey, these buyers are able to enhance their purchasing power by receiving a break on NDHFA’s already low mortgage interest rate.

During the first year of the loan’s amortization period, qualified borrowers receive an interest rate that is approximately one percent below the standard FirstHome rate. The interest rate and monthly payments are stepped up twice during the next two years, holding constant for the remaining term of the mortgage.

Borrowers must meet the program’s income limits, which vary based on county and family size, and they should meet the normal credit underwriting standards. The DCA Program or other NDHFA approved downpayment assistance programs can be used in conjunction with HomeKey. NDHFA’s Start Program cannot be utilized. Both 30 and 40 year loan terms are available with the HomeKey program.

For more information on HomeKey, contact a participating lender or NDHFA's Homeownership Division .

North Dakota Housing Finance Agency

2624 Vermont Avenue, PO Box 1535, Bismarck, ND 58502-1535

Bismarck Main Office -- (701) 328-8080 | ND Toll Free (800) 292-8621 | Fax (701) 328-8090 | TTY (800) 366-6888

Fargo Field Office -- (701) 239-7255 | ND Toll Free (877) 239-3200 | Fax (701) 239-7257 | TTY(800) 366-6888

Equal Housing Opportunity