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Minot Resilient Homebuyer Program

City of Minot Disaster Recovery (CDM Smith) / NDHFA · Minot, North Dakota

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See what you qualify forOfficial program site →
Assistance

$60,000

The maximum the program publishes — not an offer

Income limit

$107,200

The household income limit the program publishes

Price cap

$294,600

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 15 years

What is Minot Resilient Homebuyer Program?

Minot Resilient Homebuyer Program is a forgivable loan for homebuyers in Minot, North Dakota, administered by City of Minot Disaster Recovery (CDM Smith) / NDHFA.

  • Gap financing for low- and moderate-income homebuyers, primarily those impacted by the 2011 Minot flood or whose home is being acquired for flood control/mitigation, to purchase an existing or newly constructed home in qualified 'resilient' neighborhoods of Minot. Provided as a forgivable second mortgage up to $60,000, funded by HUD CDBG National Disaster Resilience.
  • Up to $60,000 gap financing as a forgivable second mortgage; forgiven on the 15-year anniversary of occupancy.
  • Funding comes from HUD Community Development Block Grant - National Disaster Resilience (CDBG-NDR).

How much assistance does it provide?

Minot Resilient Homebuyer Program offers up to $60,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of Minot Disaster Recovery (CDM Smith) / NDHFA determines any individual award.

Do you have to pay it back?

Minot Resilient Homebuyer Program is forgiven after 15 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Forgiven on the 15th anniversary of occupancy; assistance based on price of home, % of net sale/buyout proceeds from current residence, and qualified mortgage amount.
  • The assistance is recorded in Second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Minot Resilient Homebuyer Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through eHome America
  • Disaster/flood-impact based eligibility. Income limits cited are 2020 base, adjusted annually - verify current figures with NDHFA.

The program excludes

  • Purchases above the $294,600 price cap
  • Households above $107,200

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Minot Resilient Homebuyer Program limits household income to $107,200.

  • 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?

Minot Resilient Homebuyer Program caps the purchase price at $294,600.

  • Eligible property types include single family and new construction.
  • New construction is eligible.

Where does it apply?

Minot Resilient Homebuyer Program serves buyers purchasing in Minot, North Dakota.

  • The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for Minot Resilient Homebuyer Program go through City of Minot Disaster Recovery (CDM Smith) / NDHFA, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through eHome America.

  2. Contact City of Minot Disaster Recovery (CDM Smith) / NDHFA to reserve funds

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

  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.

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