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Construction Loan Guarantee

NDHFA provides Construction Loan Guarantees to lenders for contractors who build or rehabilitate affordable single-family housing in rural communities on a speculative basis.

Am I Eligible?

The community in which the housing is being built must have a population of less than 35,000 and be more than 10 miles from another community with a population of 35,000 or more.

There must be a demonstrated need for affordable housing in the community and the local governing body must support the construction.

The anticipated sale price of the homes must not exceed the currently published FHA Mortgage limits.

At no time shall more than $500,000 in guarantees be outstanding in any one community or to any one contractors.

How to Apply?

To learn more about the Construction Loan Guarantees, download the Program Template.

Additional information is available in the Construction Loan Guarantee Guide and Forms. Before completing an application, contact NDHFA to determine that funds are available.


Contact the Planning and Housing Development Division at (701) 328-8080 or (800) 292-8621.