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.

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.

FirstHome is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through eHome America, CreditSmart Homebuyer U, Fannie Mae HomeView, F-M Homebuyer Class, CAPLP-Lakes & Prairies Community Action. First-mortgage product (pair with DCA/Start for DPA). Interest rate, min credit score, max DTI not published.

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.

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.

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

FirstHome serves homebuyers purchasing in Statewide County, North Dakota.

Applications for FirstHome go through North Dakota Housing Finance Agency (NDHFA), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.