Major Home Improvement Program

What is Major Home Improvement Program?

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

• Provides affordable first mortgage loans to low- to moderate-income households to buy and rehabilitate a single-family home, or to refinance and rehabilitate their present single-family home.
• Affordable mortgage financing combining acquisition (or refinance) plus rehabilitation in one loan.

Do you have to pay it back?

Major Home Improvement Program 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?

Major Home Improvement Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Major Home Improvement Program limits household income to $110,000.

• 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?

Major Home Improvement Program caps the purchase price at $481,176.

• Eligible property types include single family.

Is there eligibility for specific groups?

Major Home Improvement Program 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?

Major Home Improvement Program serves buyers purchasing in Statewide County, North Dakota.

How do you apply?

Applications for Major Home Improvement Program 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 before funds are reserved.

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.