Advertiser Disclosure

What is a North Dakota FHA Loan?

A North Dakota FHA loan is home loan in the state of North Dakota that is backed by the Federal Housing Administration (FHA) or the US Department of Housing and Urban Development (HUD). This means that, should the borrower be unable to pay back the loan, the FHA or HUD will help by providing a portion of the payment. Risk is, therefore, lower for the lender, providing the borrower with such benefits as interest rates and credit requirements which tend to be lower than other conventional loans, and, more significantly, down payments as low as 3.5%. Since these low-risk benefits make requirements for obtaining an FHA loan considerably low, they are perfect for individuals who are purchasing a house for the first time, not to mention the fact that, unlike with other loans, it is not necessary for down payments to be made by the borrower – they can be paid as a gift by friend or family. Below, we at Online Loans have broken down the assorted information available across the web into a convenient need-to-know to make getting you FHA loan as simple as possible. Feel free also to use our mortgage calculator to calculate how much your loan will cost you all together.

Table of Contents


In North Dakota, borrowers with a credit score of only 580 or higher are required to make a down payment of only 3.5%, while borrowers with a credit score lower than 580 are required to make a down payment of 10%. FHA are also open to borrowers who in the past have filed bankruptcy, provided that their credit has been rebuilt and remained steady over at least two years. Borrowers are eligible for an FHA loan provided that they have had steady employment, or have remained at the same job, for a minimum of two years, and are able to make regular monthly payments. Additionally, it is required that the borrower intend to live in, rather than rent out the house.

Rates (%)

Although rates will depend on the individual, with no standard among lenders, certain basic criteria will expectedly come into play when being considered for a loan, such as credit and income. And since FHA loans are insured by the government, it is to be expected that even individuals with lower credit ratings and income will receive loans with rates lower than most other loans. (Check out our credit rebuilding guide for tips on keeping your credit healthy).

Maximum ($) Limits – By County

The table below provides the maximum FHA loan limit specific to each county in North Dakota in terms of city/town, county, and housing-type. Download FormatsExcel (.xslx) & CSV

Close Menu