NDHFA North Dakota Roots Program | North Dakota Housing

NDHFA North Dakota Roots Program is offered by the North Dakota Housing Finance Agency (NDHFA) or a local

housing partner to expand access to affordable homeownership, rehabilitation, or mortgage relief. Qualified

borrowers benefit from 0.5% rate discount + dca plus fixed‑rate financing and free homebuyer education. The

program can pair with FHA, VA, USDA, and conventional mortgages as well as NDHFA’s Mortgage Credit Certificate

for up to $2,000 annual federal tax savings. income and purchase‑price limits align with HUD guidelines

and are updated annually. Properties must serve as the borrower’s primary residence and meet NDHFA safety

standards. Some assistance is forgivable over time, reducing long‑term repayment obligations. Funds are

reserved through an NDHFA‑approved lender network and disbursed at closing or directly to service providers.

• Household income ≤ NDHFA limits for county and family size.

• Purchase price (or after‑rehab value) ≤ NDHFA cap for location.

• Minimum 640 credit score (higher for conventional/open‑access products); DTI ≤ 45%.

• Completion of HUD‑approved homebuyer education prior to closing.

• Property must be 1‑4 units, condo, or manufactured home on permanent foundation and used as primary residence.

• 0.5% rate discount + DCA applied to down payment, closing costs, rehab, or mortgage relief.

• Fixed 30‑year interest rates often below market (where applicable).

• May layer with NDHFA MCC for $2,000 annual tax credit.

• Free foreclosure‑prevention counseling statewide.

1. Review income & purchase‑price charts on ndhfa.org.

2. Obtain pre‑approval from NDHFA‑participating lender; reserve program funds.

3. Complete HUD‑approved education (online/classroom).

4. Sign purchase agreement or rehab contract; finalize underwriting.

5. Attend closing; NDHFA funds applied to eligible costs. Occupy within 60 days.