Williston - Dickinson - Hebron
North Dakota
1-800-584-9220
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Mortgage Products

Conventional Loan

Finance up to 100% of the purchase price!

  • Member must contribute 3% of the purchase price in the form of closing costs, prepaids and down payment.
  • Member can avoid mortgage insurance ( PMI) and escrow own taxes and insurance by putting 20% down.
  • Competitive rates and flexible terms.
  • Member and property must qualify under FANNIE MAE guidelines.
  • 1 to 4 unit Investment properties are eligible with as little as 10 % down(depending on number of units). Refinance loans are also available ( 95% of appraisal on no cash-out, 90% cash-out).

Rural Development Loan

Finance up to 100% of the purchase price and in some cases up to 100% of the appraised value!

  • Loan is guaranteed by the USDA/Rural Housing Service.
  • Member must qualify under Rural Housing guidelines.
  • Decisions are made locally.

FHA Loan

An FHA loan features a low down payment and flexible terms

  • 3% cash investment requirement.
  • 1 to 4 unit properties are eligible (primary residence).
  • Loan is insured by HUD/FHA.
  • Maximum purchase loan on a one unit property is $200,160.
  • Decisions are made locally.
  • Refinance transactions are available

VA Loan

Finance up to 100% of the purchase!

  • Eligible Veterans are able to take advantage of this program.
  • Purchase and refinance transactions are available.
  • 1 to 4 Unit properties are eligible.
  • Decisions are made locally.

First Time Home Buyers Loan

Program can be utilized in conjunction with loan types above and provides a below market interest rate!

  • Guidelines are set by the North Dakota Housing Finance Agency.
  • Down payment and closing cost assistance is available to qualified members.
  • Members can not have owned a home in the last three years and must meet North Dakota Housing requirements.
  • One to Four unit properties (primary residence) are eligible.

HOME BUYING (Consumer Guide)
Buy or Rent - What Can You Afford? - Down Payment - Monthly Payment - Mortgage Options - House Inspection - Loan Application Process - Closing Costs - Home Maintenance, Selling Your Home - Glossary - Additional Resources