State Housing Agency Purchases 40,000th FirstHome Loan

BISMARCK, ND – Forty thousand homes have been purchased statewide through North Dakota Housing Finance Agency’s FirstHome™ program – a milestone more than 30 years in the making.

“Many modest income households struggle to afford the down payment and closing costs when they purchase their first home,” said Jolene Kline, NDHFA executive director. “It’s the reason that North Dakota Housing Finance Agency was established, to make homeownership possible.”

The state agency assists North Dakotans, primarily first-time buyers, in becoming homeowners by providing affordable mortgage loans, and down payment and closing cost assistance.


NDHFA Homeownership Division Director Dave Flohr

“North Dakota Housing Finance Agency works hand in hand with lending and real estate partners to deliver our programs to those who need them,” said Dave Flohr, the agency’s homeownership division director.

Over 40 financial institutions statewide actively partner with NDHFA to offer mortgages at an interest rate that currently begins at 3 percent. The lenders determine borrower eligibility and originate the loans. Once a loan closes, it is purchased by the agency.

Because real estate agents are generally the first contact that households make during their home buying journey, NDHFA offers real estate agents specialized training on its program. There are more than 500 FirstHome Certified Agents active statewide.

The maximum household income limit to qualify for an NDHFA loan depends on household size and the county where a financed home is located. The purchase price of the property must also be within program limits.

“As our North Dakota communities continue to grow and become even more vibrant, affordable housing options will be as important as ever,” said Kline. “It has been our great pleasure to serve the people of North Dakota and we look forward to helping another 40,000 families realize their dreams of homeownership.”

In addition to the FirstHome™ program, NDHFA also offers programs for special needs households, moderate income buyers who may have previously owned a home, and assistance for purchasing homes in need of major renovations. More information on the agency’s homeownership programs, and contact information for participating lenders and FirstHome Certified Agents is available online at

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

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