As interest rates and inflation rise, the housing market is shifting. For North Dakotans of limited means, including many buyers who are pursuing homeownership for the first time, that shift means the time to assess their options and create strategic … Continued
In the late 1970s and early 1980s, the U.S. economy was in a deep recession. To combat inflation, the Federal Reserve was increasing interest rates, which ultimately pushed mortgage rates over 18 percent. On March 10, 1980, Gov. Art Link … Continued
North Dakota Housing Finance Agency (NDHFA) has a great finance, accounting and bond team. Because of their expertise, we are one of a handful of state Housing Finance Agencies (HFA) that has consistently enabled lenders to offer first-time homebuyers below-market … Continued
BISMARCK, ND – The North Dakota Industrial Commission has approved updated eligibility limits for government programs that help North Dakota residents, typically first-time buyers, purchase a home. Administered by North Dakota Housing Finance Agency (NDHFA), the programs provide income-qualified households … Continued
Despite a national pandemic, North Dakota’s mild winter and resilient economy continued to propel a booming housing market. Historically low mortgage rates, a result of the Federal Reserve’s response to the crisis was encouraging for homebuyers to either enter the … Continued
Bismarck – Bank of North Dakota (BND) and North Dakota Housing Finance Agency (NDHFA) are taking the first steps toward consolidating the roles they play as state agencies in financing residential real estate. Because both agencies provide mortgage loans, they … Continued
BISMARCK, ND – North Dakota Housing Finance Agency (NDHFA), the state agency that provides residents, typically first-time buyers, with home purchase assistance, continues to be ranked a Tier 1 Federal Housing Administration (FHA) loan servicer. “This has been a challenging … Continued
Season’s Greetings! If you are not aware, there are less than two weeks left in 2020, but who is counting? This year taught us how to operate our business with more flexibility and empathy for our employees, customers, business partners … Continued
We have passed the halfway point of 2020, and we are thankful that the housing market remains strong in North Dakota. June was Homeownership month, and the North Dakota Housing Finance Agency (NDHFA) continues to exceed annual projections. This year … Continued
BISMARCK, ND – North Dakota Housing Finance Agency (NDHFA) has promoted Kim Becker and Terri Mollman to leadership positions in its homeownership division. The state agency offers homebuyer education, affordable home financing, and down payment and closing costs assistance to … Continued