Through the FirstHome program, NDHFA provides affordable mortgage loans to low-to moderate-income buyers.
Am I Eligible?
If you are a first-time homebuyer, a household that has not owned a home (including a manufactured home on a permanent foundation) in the last three years, you may be eligible.
1) You must meet income
limits, which vary based on county and family size. Include projected income from all sources for the 12 months
following the date of application.
|County||Family of less than 3||Family of 3 or more|
|All Other Counties||$84,500||$97,175|
|Limits effective as of June 1, 2019|
2) The purchase price of the property must be within program
|Previously Occupied (Existing)||1 Unit||2 Units||3 Units*||4 Units*|
|All Other Counties||$283,348||$362,818||$438,532||$544,981|
|Previously Unoccupied (New)||1 Unit|
|All Other Counties||$283,348|
|Limits are effective May 1, 2019|
|*Not eligible under DCA or Start.|
3) You are expected to meet normal credit underwriting standards and must intend to occupy the property as your principal residence. You are also required to make a minimum of a $500 out-of-pocket cash investment.
How do I Apply?
You can apply for a FirstHome Program loan at one of NDHFA’s Participating Lenders. These lenders originate FirstHome loans and sell them to the agency.
Contact NDHFA’s Homeownership Division at (701) 328-8080 or (800) 292-8621.