North Dakota DCA Down Payment Assistance Program Information and Eligibility

Down Payment and Grant Locator

Search for down payment assistance and home buying grants.

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What cities are you interested in? *


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What type of Property are you interested in? *

Current Housing Situation *

What do you think your credit score is? *

What do you think your co-borrowers credit score is?

When would you like to purchase a home? *


What is your Time Frame?

Email *


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Search for Grants (cont)

Check all options that apply to you.

Which applies to you? *

Please check all options that apply to you.

What is the annual household income? *


This includes all people on the loan plus husband or wife even if they are not on the loan.

What is the annual income of borrowers that will be on the loan? *


This only includes the borrowers that will be on the home loan. It is OK to estimate.

What are you current monthly payment? (Don't include rent, heat, electric, insurance or phones) *


(i.e.Include car payments, credit cards, student loans, child support, deferred student loans,etc).


Estimated price range?*


What price range would you like to be looking in?


What is your maximum comfortable payment range?*


This would include principle and interest, taxes, insurance, home owners association, home owners insurance and private mortgage insurance.

What is the total amount of student loans currently outstanding for you and any co-borrower? *


This would include principle and interest, taxes, insurance, home owners association, home owners insurance and private mortgage insurance.

Email *

Please verify your email?

Phone Number



This will be your password, you will need it to log back into your account if you decide to use down payment assistance.

Your Name


What name would you like your application saved under?

Down Payment Assistance (DPA Found) (Grants Found)

We have found available home buying grants and/or DPA(down payment assistance and closing cost assistance). Enter your information below to finish and save your application.

Borrower Name*


Please enter your first name

 


Please enter your last name

Email*


This will be your login user name if you decide to use down payment assistance to buy a home.

Cell Phone*

This will be your login password, if you decide to use down payment assistance to buy a home.

Borrower Social Security Number

Borrower Date of Birth

Address

 

 

 

Co-Borrower Name


if applicable

 


if applicable

Co-Borrower Social Security Number


if applicable

Co-Borrower Date of Birth


if applicable

The North Dakota DCA Program option provides purchase assistance to qualified North Dakota borrowers. The benefit of
the North Dakota DCA program is that the interest rate on the first mortgage is the same as the FirstHome
Standard option providing our lowest rate to the low income qualified North Dakota home buyer.

North Dakota DCA interest rates are subject to change daily and are posted at 3:00 a.m. on the Agency’s website.
The Lender will give the Eligible Mortgagor(s) a credit (the DCA assistance) towards the down payment and closing cost at loan closing equivalent to 3 percent of the mortgage loan amount.

The Agency will purchase the first mortgage at 103 percent of the principal purchased.

Down Payment and Grant Locator

Search for down payment assistance and home buying grants.

What counties are you interested in? *


Use a comma in between multiple counties.

What cities are you interested in? *


Use a comma in between multiple cities.

What type of Property are you interested in? *

Current Housing Situation *

What do you think your credit score is? *

What do you think your co-borrowers credit score is?

When would you like to purchase a home? *


What is your Time Frame?

Email *


Where would you like your reports sent?

Search for Grants (cont)

Check all options that apply to you.

Which applies to you? *

Please check all options that apply to you.

What is the annual household income? *


This includes all people on the loan plus husband or wife even if they are not on the loan.

What is the annual income of borrowers that will be on the loan? *


This only includes the borrowers that will be on the home loan. It is OK to estimate.

What are you current monthly payment? (Don't include rent, heat, electric, insurance or phones) *


(i.e.Include car payments, credit cards, student loans, child support, deferred student loans,etc).


Estimated price range?*


What price range would you like to be looking in?


What is your maximum comfortable payment range?*


This would include principle and interest, taxes, insurance, home owners association, home owners insurance and private mortgage insurance.

What is the total amount of student loans currently outstanding for you and any co-borrower? *


This would include principle and interest, taxes, insurance, home owners association, home owners insurance and private mortgage insurance.

Email *

Please verify your email?

Phone Number



This will be your password, you will need it to log back into your account if you decide to use down payment assistance.

Your Name


What name would you like your application saved under?

Down Payment Assistance (DPA Found) (Grants Found)

We have found available home buying grants and/or DPA(down payment assistance and closing cost assistance). Enter your information below to finish and save your application.

Borrower Name*


Please enter your first name

 


Please enter your last name

Email*


This will be your login user name if you decide to use down payment assistance to buy a home.

Cell Phone*

This will be your login password, if you decide to use down payment assistance to buy a home.

Borrower Social Security Number

Borrower Date of Birth

Address

 

 

 

Co-Borrower Name


if applicable

 


if applicable

Co-Borrower Social Security Number


if applicable

Co-Borrower Date of Birth


if applicable

1. Complete a homebuyer education course approved by the Agency before loan closing
(see Section 11.09 for further information).

2. Meet the requirements as a First-Time Homebuyer (see Section 4.01 for definition).

3. Select a DCA Standard option when making a loan reservation.

4. Can combine with HomeAccess (see Section 14) by choosing a HomeAccess DCA loan option.

5. The DCA assistance will be equal to 3 percent of the total mortgage amount in all cases. There is no maximum or minimum amount. Do not round. Do not truncate the cents.

6. The DCA assistance (credit at closing) can be used to offset down payment, closing costs and pre-paid items.

7. DCA first mortgage borrowers must have a minimum of $500 out-of-pocket investment in the transaction. This includes verified gift funds and any items pre-paid by the Borrower.  Any portion of the minimum investment that exceeds the resulting cash requirement from the borrower to complete the transaction must be used to reduce the loan principal. The borrower cannot receive cash back at closing except for funds they have already invested in the transaction such as prepaid items.

8. FHA, RD Guaranteed, VA, and PMI/Conventional loans are eligible.

9. DCA first mortgage loans cannot include Start or other Agency approved down payment
assistance programs.

10. The Mortgagor’s total gross annual income must be at or below the DCA income limits (80 percent of median income by county and family size). For current limits, see the DCA program section of the Agency’s website. (Refer to Section 4.02 for guidance on how to calculate annual income pursuant to this paragraph.)

11. All other FirstHome provisions not specifically addressed above remain in effect.