Lenders

• You must not have owned a home as your principle residence within the last three years (including a manufactured home on a permanent foundation).
• You must meet income and purchase price limits.

To qualify, one of the following must describe the households:

• The mortgagor must be a single-parent with at least one dependent child residing in the home 50 percent of the time.
• The mortgagor or the mortgagor’s spouse must have served in the active military, naval or air service and been discharged or released from active duty under conditions other than dishonorable.
• The mortgagor, mortgagor’s spouse or a dependent(s) must be permanently disabled or age 65 or older and reside in the home.
• You must meet income and purchase price limits.

• The maximum Roots loan amount must comply with the current Fannie Mae/Freddie Mac conforming loan amount or the limits of the applicable loan insurer/guarantor.
• Refinances are allowed. Start not available for refinances. 

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.

• You must be the first residents of home following the completion of qualified improvements.
• You must meet income and purchase price limits.

The Internal Revenue Code requires that NDHFA, as an issuer of tax-exempt mortgage revenue bonds, set aside a portion of the proceeds of a bond issue for up to one year for reduced interest rate mortgage loans in Targeted Areas of North Dakota.

To determine if a home is in a Targeted Area, search by the address. Type in the address of the property, click search and the corresponding census tract will appear in the information listed. To qualify, the Census Tract number must match one of the tract numbers identified below.

Benson Census Tract 9401
McKenzie Census Tract 9401
Rolette Census Tract 9418
Sioux Census Tract 9409

• You must meet income and purchase price limits.