Finance
North Dakota Housing Finance Agency (NDHFA) primarily helps:
ACommercial developers build office buildings
BFirst-time homebuyers and low-to-moderate income borrowers access affordable financing✓ Correct
CVacation property purchasers
DInvestment property buyers achieve maximum leverage
Explanation
NDHFA provides affordable housing programs including FirstHome and HomeAccess programs for first-time homebuyers and income-qualified buyers. They offer competitive interest rates, down payment assistance, and programs for rural and underserved communities throughout North Dakota.
Related North Dakota Finance Questions
- The Truth in Lending Act (TILA) requires lenders to disclose the:
- North Dakota Bank, a state-chartered bank, originates mortgage loans and keeps them in its portfolio rather than selling them. This is called:
- The Bank of North Dakota (BND) is unique because it is:
- A North Dakota buyer uses a VA loan to purchase a home. Which fee unique to VA loans may be financed into the loan amount?
- A property sells for $215,000. The buyer puts down 25%. What is the loan amount?
- A North Dakota farmer wishes to purchase additional cropland. Which loan program is specifically designed for agricultural lending?
- A North Dakota borrower receives a 'Notice of Right to Cancel' (right of rescission). This right applies to:
- A 'nonconforming loan' in North Dakota is a mortgage that:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →