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Targeted Area Loan

North Dakota Housing Finance Agency (NDHFA) · Cass and Sioux (specific census tracts) County, North Dakota

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Price cap

$481,176

Highest purchase price the program allows

What is Targeted Area Loan?

Targeted Area Loan is a first mortgage for homebuyers in Cass and Sioux (specific census tracts) County, North Dakota, administered by North Dakota Housing Finance Agency (NDHFA).

  • NDHFA sets aside tax-exempt mortgage revenue bond proceeds for reduced-interest-rate mortgages in federally designated Targeted Areas of North Dakota. First-time homebuyer status is NOT required in Targeted Areas. DPA can be added via DCA or Start.
  • Reduced interest rate first mortgage in targeted census tracts; first-time-buyer requirement waived; can be paired with DCA or Start.

Do you have to pay it back?

Targeted Area Loan 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?

Targeted Area Loan 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
  • Targeted-area exact income/purchase limits not separately captured; interest rate not published.

The program excludes

  • Purchases above the $481,176 price cap

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?

Targeted Area Loan sets its income limit as follows: Subject to NDHFA Targeted Area income and purchase price limits.

  • 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?

Targeted Area Loan caps the purchase price at $481,176.

Is there eligibility for specific groups?

Targeted Area Loan 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?

Targeted Area Loan serves buyers purchasing in Cass and Sioux (specific census tracts) County, North Dakota.

  • The program targets specific areas: Cass tracts 0005.02, 0006.01, 0006.02, 0101.06, 0101.07, 0101.11; Sioux tract 9409.

How do you apply?

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

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact North Dakota Housing Finance Agency (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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