FIRST TIME HOME BUYER PROGRAMS NORTH DAKOTA

FHA First Time Home Buyer Programs have been helping North Dakota residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS NORTH DAKOTA

A knowledgeable & licensed South Dakota 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to South Dakota First Time Buyers.

South Dakota First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in South Dakota with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

South Dakota USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in South Dakota & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in South Dakota

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

South Dakota Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in South Dakota

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

North Dakota FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

North Dakota FHA Lending Limits 2017

North Dakota Median Home Sale Price Price $210,000
County Name Single Duplex 3 Unit 4 Unit
ADAMS $275,665 $352,950 $426,625 $530,150
BARNES $275,665 $352,950 $426,625 $530,150
BENSON $275,665 $352,950 $426,625 $530,150
BILLINGS $339,250 $434,300 $524,950 $652,400
   NON-METRO
BOTTINEAU $275,665 $352,950 $426,625 $530,150
BOWMAN $275,665 $352,950 $426,625 $530,150
BURKE $275,665 $352,950 $426,625 $530,150
BURLEIGH $296,700 $379,800 $459,100 $570,550
   BISMARCK, ND
CASS $275,665 $352,950 $426,625 $530,150
   FARGO, ND-MN
CAVALIER $275,665 $352,950 $426,625 $530,150
DICKEY $275,665 $352,950 $426,625 $530,150
DIVIDE $275,665 $352,950 $426,625 $530,150
   NON-METRO
DUNN $275,665 $352,950 $426,625 $530,150
EDDY $275,665 $352,950 $426,625 $530,150
EMMONS $275,665 $352,950 $426,625 $530,150
FOSTER $275,665 $352,950 $426,625 $530,150
GOLDEN VALLEY $275,665 $352,950 $426,625 $530,150
GRAND FORKS $275,665 $352,950 $426,625 $530,150
   GRAND FORKS, ND-MN
GRANT $275,665 $352,950 $426,625 $530,150
GRIGGS $275,665 $352,950 $426,625 $530,150
   NON-METRO
HETTINGER $275,665 $352,950 $426,625 $530,150
KIDDER $275,665 $352,950 $426,625 $530,150
LAMOURE $275,665 $352,950 $426,625 $530,150
LOGAN $275,665 $352,950 $426,625 $530,150
MCHENRY $275,665 $352,950 $426,625 $530,150
   MINOT, ND
MCINTOSH $285,200 $365,100 $441,300 $548,450
MCKENZIE $299,000 $382,750 $462,650 $575,000
MCLEAN $275,665 $352,950 $426,625 $530,150
   NON-METRO
MERCER $275,665 $352,950 $426,625 $530,150
MORTON $296,700 $379,800 $459,100 $570,550
   BISMARCK, ND
MOUNTRAIL $275,665 $352,950 $426,625 $530,150
NELSON $275,665 $352,950 $426,625 $530,150
OLIVER $296,700 $379,800 $459,100 $570,550
   BISMARCK, ND
PEMBINA $275,665 $352,950 $426,625 $530,150
PIERCE $275,665 $352,950 $426,625 $530,150
RAMSEY $275,665 $352,950 $426,625 $530,150
   NON-METRO
RANSOM $275,665 $352,950 $426,625 $530,150
RENVILLE $275,665 $352,950 $426,625 $530,150
   MINOT, ND
RICHLAND $275,665 $352,950 $426,625 $530,150
   WAHPETON, ND-MN
ROLETTE $275,665 $352,950 $426,625 $530,150
SARGENT $275,665 $352,950 $426,625 $530,150
SHERIDAN $275,665 $352,950 $426,625 $530,150
SIOUX $296,700 $379,800 $459,100 $570,550
   BISMARCK, ND
SLOPE $275,665 $352,950 $426,625 $530,150
   NON-METRO
STARK $308,200 $394,550 $476,900 $592,700
   DICKINSON, ND
STEELE $275,665 $352,950 $426,625 $530,150
STUTSMAN $275,665 $352,950 $426,625 $530,150
   JAMESTOWN, ND
TOWNER $275,665 $352,950 $426,625 $530,150
TRAILL $275,665 $352,950 $426,625 $530,150
WALSH $275,665 $352,950 $426,625 $530,150
WARD $275,665 $352,950 $426,625 $530,150
   MINOT, ND
WELLS $275,665 $352,950 $426,625 $530,150
   NON-METRO
WILLIAMS $330,050 $422,500 $510,700 $634,700
   WILLISTON, ND