BISMARCK, ND – The North Dakota Industrial Commission has approved updated income limits for programs that assist North Dakota residents, typically, first-time buyers, in achieving homeownership. Administered by the North Dakota Housing Finance Agency (NDHFA), these programs offer low-cost financing, as well as down payment and closing cost assistance.
“Ensuring accessibility and affordability of homeownership opportunities for North Dakotans remains a top priority,” said the Commission in a joint statement. The Commission, consisting of Gov. Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Drew H. Wrigley, oversees NDHFA.
Through NDHFA’s FirstHomeTM program, low- to moderate-income buyers who have not owned a home in the last three years as their principal residence, and who meet eligibility limits, qualify for purchase assistance. The agency’s HomeAccess program provides similar benefits to single parents, veterans, and families with disabled or elderly household members.
Income limits vary by household size and county, with the state experiencing an average increase of 3.49%. Specific county limits are available on the NDHFA website.
“We are resolute in our mission to break down barriers and put the dream of owning a home in reach for all North Dakotans,” said Dave Flohr, executive director of NDHFA.
Private-sector lenders originate loans on NDHFA’s behalf and sell them to the agency for servicing upon closing. Those interested in learning more about the agency’s homeownership programs will find information online at NDHFA’s website or by contacting a participating lender.
NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans.
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