FirstHome Certified Agents

Register as an NDHFA Participating Real Estate Agent

FirstHome™ Certified Agents (FHCA) have specific knowledge of North Dakota Housing Finance Agency’s (NDHFA) FirstHome and related homeownership programs. These agents have attended a course conducted by NDHFA that describes program eligibility including income and acquisition cost limits, the loan origination process and other information relevant to the agency’s programs. The course is certified by the North Dakota Real Estate Commission and agents earn continuing education credits for attendance.
How to become a FirstHome Certified Agent:

  • Must be a licensed and active real estate agent in the state of North Dakota.
  • Must attend and complete the FirstHome Certified Agent course.
  • Must register as a FirstHome Certified Agent online at www.ndhfa.org and maintain FHCA status by updating your contact information when needed.

For more information on the FHCA course, contact the NDHFA’s homeownership division or your local real estate board.

  • All NDHFA homebuyer loans have a 30-year term.
  • Loans can be pre-paid at any time without penalty.
  • Co-signers are not allowed.
  • Mortgagor, mortgagor’s spouse, or anyone secondarily liable on the mortgage must meet NDHFA’s program eligibility requirements.
  • Projected 12 month income of the mortgagor, mortgagor’s spouse, or anyone secondarily liable on mortgage required to determine eligibility.
  • All payments are due on the first of the month and must commence no later than 60 days from loan closing.
  • The late fee charged on all loan types is four (4) percent.
  • All loans are required to have an escrow account, no exceptions.
  • Cannot finance closing costs (exception: FHA upfront premium, RHS and VA guarantee fees).
  • Cannot finance personal property, and land or outbuildings not necessary to maintain the basic livability of the residence).
  • Mortgaged property must contain all major systems (water, sewer, etc.).
  • Mortgaged property must have direct access to a publicly maintained road.

FirstHome™, Start and HomeKey Loans

  • Mortgagor, mortgagor’s spouse, or anyone secondarily liable on the mortgage must meet all eligibility requirements.
  • Affidavit of Seller completed and returned to lender.
  • Personal Property Addendum signed by seller and returned to lender.
  • NDHFA requirements and guidelines explained to home buyer.

The following apply to rural properties.

  • Direct access to publicly maintained road.
  • Verified that water/sewage systems are on mortgaged property.
  • Property consists of less than 10 acres.

Start Program

  • Start program parameters explained to home buyers.
  • Property consists of only one or two units.
  • Home buyer and property are both eligible.

Downpayment Closing Costs Assistance (DCA) Program

  • DCA program parameters explained to home buyers.
  • Lower Income Limits apply.
  • Property not in 100 year flood zone.
  • Property consists of only one or two units.
  • Requires completion of a NDHFA approved homebuyer education course.
  • Home buyer and property are both eligible.

Homeownership Programs

  • 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.
  • You must meet income 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.

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.

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 on the go button, 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

First-Time Homebuyers

Previous Homeowner

FirstHome™ 

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.
  • You must meet income 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.

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 on the go button, 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

Forms

Interest Rates