This product is provided through North Dakota Housing Finance Agency. There are multiple programs available to assist in purchasing a home in the state of North Dakota; one requirement is you must not have owned a permanently attached property as your principal residence within the last three years.

This type of mortgage loan is not insured or guaranteed by the government. Instead, the loan is backed by private lenders and its insurance is usually paid by the borrower. There is a minimum down payment of 3-5% of the purchase price and no private mortgage insurance (PMI) is required with a 20% down payment.

This type of mortgage loan is insured by the Federal Housing Administration (FHA) and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.

This type of mortgage loan is backed by the U.S. Department of Veterans Affairs. These loans are available to people who are actively serving in the military or who have served and received an honorable discharge; family members of service personnel also may qualify for a VA loan. The option of 100% financing is available.

This type of mortgage loan is government backed. It is designed to help low-to-moderate income households finance homes in eligible, less populated, rural areas.

We realize that purchasing your first home or a new home can be overwhelming.  We are here to help you through the entire process.  Check out our Mortgage Loan Terms for quick definitions on some of the most common mortgage loan terms.