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Flexible Home Loan Options in North Dakota

Primary Residential Mortgage offers a wide range of mortgage options to meet your home buying needs in North Dakota. Talk to us about your current situation and long-term goals, your finances and your desired living setup--we’ll help you choose the most suitable loan to help meet your needs.

We’re also experienced with government-backed mortgage programs, offering specialized knowledge in everything from pre-qualification to down payment assistance.

Explore the rundown of home loan options we offer in North Dakota to get an idea of what loan is right for you.

First-Time Homebuyer Loan Click to open answer

First-time homeowners can apply for mortgage grants backed by the North Dakota Housing Finance Agency (NDHFA). The FirstHome program offers affordable loan rates for those with low to moderate incomes who have not owned a home in the past three years. The Down Payment and Closing Cost Assistance (DCA) grant helps low-income, first-time buyers meet their out-of-pocket cash requirements.

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Refinance Click to open answer

Refinancing is a strategic way for homeowners to take advantage of lower interest rates and decrease their monthly mortgage payments. However, refinancing may also have disadvantages. PRMI will help you determine if a mortgage refinance will be advantageous to you in your current situation.

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Reverse Mortgage Click to open answer

North Dakota homeowners age 62 and over are able to access their home equity with a reverse mortgage. Compared to a traditional mortgage, reverse mortgages don’t require monthly payments as long as the loan amount doesn’t exceed your home’s value. Reach out to PRMI today to learn more about reverse mortgages.*

*This ad is not from HUD or FHA and was not approved by HUD or any government agency. 

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Pre-Qualification Click to open answer

Getting pre qualified for a mortgage is a great way to save time and stress during the home search process.  If you are looking for a home in North Dakota, we can help you determine the price range you can qualify for so you can move quickly once you find the right home for you and your family.  Talk to our team today about mortgage prequalification in North Dakota. 

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Down Payment Assistance Click to open answer

Certain loan programs don’t require down payments and may provide qualified borrowers with additional funds to cover closing costs. Through the NDHFA program, eligible applicants may receive up to 3% of the total purchase amount.  Talk to Chad today about down payment assistance programs available in North Dakota.*

*First lien interest rates maybe higher when using a DPA second. 

*Closing costs and fees may still apply. 

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Low Credit Loan Click to open answer

Certain loans are ideal for borrowers with lower credit scores. If your credit is less than perfect, don’t let that prevent you from buying a home.  Talk to one of our mortgage professionals about the options available to you for lower credit home loans in North Dakota. 

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Construction Loan Click to open answer

If you can’t find quite the perfect existing home, construction may be a good option.  PRMI North Dakota specializes in construction loans to help borrowers who would rather build their dream home. The specifics of the construction, including eligibility and loan amount are primarily determined by the lender. Call Chad Vogel today for more information on construction loans.

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VA Loan Click to open answer

Active or former military service members in North Dakota can apply for a VA loan if they meet the requirements. Spouses of service members are also eligible to apply. VA loans require no down payments or private mortgage insurance and offer low closing costs and manageable mortgage rates.*

*Closing costs and fees may still apply. 

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FHA Loan Click to open answer

The Federal Housing Association provides a home loan option for those who might be struggling financially. An FHA loan program offers lower rates and down payments, as well as relaxed credit requirements. PRMI helps low-to-moderate-income borrowers in North Dakota apply for FHA loans. We walk you through all the employment, credit score, down payment and co-signer requirements.

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USDA Loan Click to open answer

The United States Department of Agriculture (USDA) offers no-down-payment, low-premium loans to farmers and low-income families in rural areas. North Dakota homebuyers who meet the income requirements may qualify for a USDA loan with at least a credit score of 640. Let us help you determine if you and your property are eligible.*

*Closing costs and fees may still apply. 

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Conventional Mortgage Click to open answer

Conventional mortgages are a very popular option for North Dakota borrowers.  Conventional loans typically have fixed rates and terms and are among the lowest rates available.  If you prefer to have a set payment amount that never adjusts, talk to our team today. 

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