North Dakota’s “FirstHome” program continues to be popular.
The program helps low to moderate income people who have not owned a home in the past three years to receive assistance to purchase housing. State Housing Finance Agency director Dave Flohr says realtors across the state says demand is high and homes are not staying on the market very long.
To qualify for the FirstHome program, the maximum income limit is $117,530, and the acquisition cost limit is $331,979 for a single family home.
Flohr says interest rates remain favorable. “For the FirstHome program it’s below 3% at 2.65%.”
Flohr says in 2020, more than 12-hundred households used the FirstHome program, and he says the numbers remain strong for 2021.
NDPPR/KNOX
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