North Dakota Housing Finance Agency

FirstHome Program

The FirstHome Program provides low interest rate mortgages for first-time homebuyers in North Dakota. Participating lenders originate the FirstHome loans and sell them to the North Dakota Housing Finance Agency (NDHFA). The loans are either serviced by the participating lender or NDHFA.

FirstHome applicants must not have owned a home in the past three years (Exception - homes purchased in Targeted Areas).

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 borrowers must intend to occupy the property as their principal residence. The purchase price of the property must be within program limits. Both 30 and 40 year loan terms are available with the FirstHome program.

A federal tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

For more information, 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

Equal Housing Opportunity