North Dakota Grants There are many grants available in this State to assist a home buyer purchase a home. By using these grants it makes it possible to purchase a home with little or no money down.  Below is a list of some of the grants available, as well as contact information for each. Some are State sponsored grants. Some are sponsored on the county or municipality level.  Understand that many of these grants have limited funding, and most have income restrictions, so it is important to work with your mortgage lender and the non profit administering the grant program to ensure availability of funds.  State Sponsored Bank Sponsored Matching Funds Programs Community/local Sponsored Grants Seller Funded Down Payment Assistance Programs State Sponsored  The State of North Dakota offers a several grants and soft seconds that can be used for down payment and closing costs. These programs are to be used with the State’s NDHFA’s mortgage programs. Below is a link to the State’s web site: http://www.ndhfa.org/Default.asp?nMenu=03010  Bank Sponsored Matching Funds Programs  Banks that are members of the Federal Home Loan Banking system also offer IDA savings accounts. Visit the Regional Federal Home Loan Bank web site for more information. Federal Home Loan Bank of Des Moines Rural Homeownership Program (A list of ND banks offering this program is available from the FHLB.) Downpayment Assistance Federal Home Loan Bank of Des Moines 907 Walnut Street Des Moines, IA 50309 Ph: (800) 544-3452  www.fhlbdm.com/ ci_ahp_rhf.htm  Community/local Sponsored Grants Provider/Program Name Type of Assistance Contact Information City of Fargo Homebuyer Assistance Program Downpayment and Closing Cost Assistance Planning and Development  City Hall 200 3rd Street  North Fargo, ND 58102 Ph: (701) 241-1474  www.cityoffargo.com/ planning/cd/think  City of Grand Forks Affordable Housing Program Downpayment Assistance Dept. of Urban Development 1405 1st Avenue North Grand Forks, ND 58203 Ph: (701) 746-2545  www.grandforksgov.com  City of Wahpeton Housing Entry-Level Program (HELP) Downpayment and Closing Cost Assistance Second Mortgage Programs  Wahpeton Economic Development City Hall 1900 North 4th Street Wahpeton, ND 58075 Ph: (701) 642-8559 or (888) 850-9544 Email:  info@wahpeton.com Federal Home Loan Bank of Des Moines Rural Homeownership Program (A list of ND banks offering this program is available from the FHLB.) Downpayment Assistance  Federal Home Loan Bank of Des Moines 907 Walnut Street Des Moines, IA 50309 Ph: (800) 544-3452  www.fhlbdm.com/ci_ahp_rhf.htm  Community Works North Dakota DREAM Fund (Multi-County Service Area)  Downpayment and Closing Cost Assistance, First Mortgage and Rehabilitation Loans Community Works North Dakota  400 E Broadway Ave,  Suite 418 Bismarck, ND 58501 Ph: (701)  255-4591  www.communityworksnd.org/  Affordable Housing Developers, Inc. Homeownership Program (Available in Western ND) Loans and Grants for Downpayment and Closing Costs on AHDI Sponsored Housing Developments  Affordable Housing Developers, Inc. 1221 Airport Road Bismarck, ND 58504 Ph: (701) 530-1940 Eastern Dakota Housing Alliance Homeownership Program (Available in Eastern ND) Loans and Grants for Downpayment and Closing Costs on EDHA Sponsored Housing Developments. Eastern Dakota Housing Alliance 3233 S University Dr Fargo, ND 58104 Ph: (701) 364-2833 Seller Funded Down Payment Assistance Programs There are several non profit organizations that allow a seller to “donate” funds to them at closing, which is then given to the buyer as a down payment assistance grant. Presently, the federal government is reviewing these programs to determine whether this practice is an acceptable lending practice. By using one of these programs it is possible to purchase a home with little or no money. The seller needs to be a motivated seller, and the home needs to be priced correctly. Usually the sales price is inflated to cover the “donation”. The home must be able to appraise at the inflated price. These programs are initiated by the lender, so it is important to work with a local lender before you start looking for a home. The lender will also know how present legislation is affecting the program. The two most commonly used programs are The American Dream DAP and The Nehemiah DAP. Below are links to their web site. American Dream:  http://www.americandreamdownpaymentassistance.com/dpa_app.cfm Nehemiah Corp:    http://www.nehemiahcorp.org/