A nd.gov website. Click for nd.gov.

HomeKey Program

The HomeKey Program increases the purchasing power of modest-income borrowers by providing them with an interest rate reduction of approximately one percent the first year of an NDHFA mortgage loan. The interest rate and monthly payments are stepped up twice during the next two years, holding constant for the remaining term of the mortgage.

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
Burleigh/Morton $38,350 $44,103
Cass $36,050 $41,458
Grand Forks $34,900 $40,135
Mercer and Oliver $38,500 $44,425
Richland $35,350 $40,653
Stark $35,150 $40,423
Williams $39,500 $45,425
All Other Counties $34,800 $40,020
Limits effective as of Feb 1, 2014.

2) The purchase price of the property must be within program limits.

Previously Occupied (Existing) 1 Unit 2 Units 3 Units 4 Units
Statewide $265,158 $339,456 $410,307 $509,918
Previously Unoccupied (New) 1 Unit      
Statewide $265,158      
Limits are effective May 27, 2014.

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 HomeKey loan at one of NDHFA’s Participating Lenders. These lenders originate HomeKey loans and sell them to the agency

Additional Resources

Homeownership Brochure


Contact the Homeownership Division at (701) 328-8080 or (800) 292-8621.