North Dakota Housing Finance Agency

Rural Real Estate Mortgage Program

Using Rural Real Estate Mortgage Program (RREM), the North Dakota Housing Finance Agency (NDHFA) provides a secondary market for residential real estate mortgages guaranteed under the Rural Housing Service (RHS) Section 502 Single Family Rural Housing Guaranteed Loan Program. NDHFA also agreed to buy the first mortgage under the RHS Direct Loan Leveraging Program.

Applicants may purchase a single family, owner-occupied, non-farm, principal residence, including PUD's and manufactured homes that are permanently affixed to a foundation. The borrower's income cannot exceed RHS income limits (adjusted for family size) for the county in which the property is located, calculated according to RHS regulations. The loan amount cannot exceed the maximum FHA mortgage limits in effect at the time of purchase.

For more information, contact the Homeownership Division of the North Dakota Housing Finance Agency.

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