Major Home Improvement Program
Through the Major Home Improvement Program, NDHFA provides affordable mortgage loans to low-to moderate-income households to buy and rehabilitate a single-family home or to refinance and rehabilitate their present single-family home.
Am I Eligible?
If your intention is to be the first residents of the home
following the completion of the qualified improvements, you may be
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||$83,900||$96,485|
|Limits effective as of May 1, 2018|
2) The purchase price
of the property must be within program limits.
|Previously Occupied (Existing)||1 Unit||2 Units||3 Units||4 Units|
|All Other Counties||$271,164||$347,179||$419,662||$521,516|
|Previously Unoccupied (New)||1 Unit|
|All Other Counties||$271,164|
|Limits are effective May 1, 2018|
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 Major Home Improvement loan at one of NDHFA’s Participating Lenders. These lenders originate Major Home Improvement loans and sell them to the agency
Contact the Homeownership Division at (701) 328-8080 or (800) 292-8621.