FirstHome

What is FirstHome?

FirstHome is a first mortgage for homebuyers in Statewide County, North Dakota, administered by North Dakota Housing Finance Agency (NDHFA).

• FirstHome provides primarily first-time homebuyers with below-market interest rate first mortgages (Conventional, FHA, VA, USDA/RD). DPA can be added via the separate DCA or Start products.
• Below-market fixed-rate first mortgage for first-time buyers; can be paired with DCA or Start DPA.

Do you have to pay it back?

FirstHome is a first mortgage and is repaid under the terms set by North Dakota Housing Finance Agency (NDHFA).

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FirstHome is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FirstHome limits household income to $110,000.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

FirstHome caps the purchase price at $481,176.

• Eligible property types include single family, duplex, triplex, fourplex, and manufactured home on permanent foundation.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

FirstHome names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native buyers, educators, law enforcement officers, firefighters, healthcare workers, buyers with disabilities, and first-generation buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

FirstHome serves buyers purchasing in Statewide County, North Dakota.

How do you apply?

Applications for FirstHome go through North Dakota Housing Finance Agency (NDHFA), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through eHome America, CreditSmart Homebuyer U, Fannie Mae HomeView, F-M Homebuyer Class, CAPLP-Lakes & Prairies Community Action.

2. 2

   Contact North Dakota Housing Finance Agency (NDHFA) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.