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On-line Mortgage Application
Start your application process today: On-line mortgage application
Conventional Loan
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Member must contribute 5% of the purchase price in the form of closing costs, prepaids and down payment.
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Member can avoid mortgage insurance (PMI) and escrow own taxes and insurance by putting 20% down.
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Competitive rates and flexible terms.
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Member and property must qualify under FANNIE MAE guidelines.
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1 to 4 unit Investment properties are eligible with as little as 20 % down (depending on number of units). Refinance loans are also available (95% of appraisal on no cash-out, 80% cash-out).
Rural Development Loan
Finance up to 100% of the purchase price and in some cases up to 100% of the appraised value!
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Loan is guaranteed by the USDA/Rural Housing Service.
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Member must qualify under Rural Housing guidelines.
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Decisions are made locally.
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One unit owner occupied properties.
FHA Loan
An FHA loan features a low down payment and flexible terms
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3.5% cash investment requirement.
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1 to 4 unit properties are eligible (primary residence).
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Loan is insured by HUD/FHA.
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Decisions are made locally.
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Refinance transactions are available
VA Loan
Finance up to 100% of the purchase!
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Eligible Veterans are able to take advantage of this program.
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Purchase and refinance transactions are available.
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1 to 4 Unit properties are eligible. (primary residence)
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Decisions are made locally.
ND Housing Program (First Time Home Buyers or Roots)
Program can be utilized in conjunction with loan types above and provides a below market interest rate!
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Guidelines are set by the North Dakota Housing Finance Agency. For more information, please see your loan officer.
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Down payment and closing cost assistance is available to qualified members.
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One to Four unit properties (primary residence) are eligible.