Buy a Home
NDHFA helps North
Dakotans achieve successful homeownership with homebuyer education,
down payment and closing cost assistance, and
affordable mortgage loans.
Why ask for a NDHFA loan:
Save Money - NDHFA's affordable interest rates can result in lower monthly payments and interest cost savings over the life of a loan.
Down Payment and Closing Cost Assistance - NDHFA can provide assistance with out-of-pocket costs, enabling homebuyers to achieve ownership sooner.
Renovation Assistance - rehab costs can be included in a NDHFA mortgage loan.
Homebuyer Education - learn everything you need to know about purchasing and financing a home with homebuyer education classes endorsed by the agency.
No Pre-payment Penalties - directing additional dollars to principal allows borrowers to pay off a loan sooner and reduce the amount of interest paid.
Local Mortgage Servicing - all NDHFA loans are serviced locally either by the agency or the originating lender.
Fixed Rate Loans - NDHFA's interest rates are fixed meaning the
principal and interest portion of your payment will not change for the
life of the loan.