FHA Loan Limits in North Dakota
Mortgages backed by the Federal Housing Administration (FHA) offer a path to homeownership for borrowers with less-than-ideal credit or those with limited down payment funds.
In North Dakota, qualified applicants can borrow up to $472,030 for a single-family home through the FHA loan program.
North Dakota FHA loan limits by county
| County name | One unit | Two units | Three units | Four units | Median sale price |
|---|---|---|---|---|---|
| ADAMS | $472,030 | $604,400 | $730,525 | $907,900 | $114,000 |
| BARNES | $472,030 | $604,400 | $730,525 | $907,900 | $135,000 |
| BENSON | $472,030 | $604,400 | $730,525 | $907,900 | $107,000 |
| BILLINGS | $472,030 | $604,400 | $730,525 | $907,900 | $329,000 |
| BOTTINEAU | $472,030 | $604,400 | $730,525 | $907,900 | $150,000 |
| BOWMAN | $472,030 | $604,400 | $730,525 | $907,900 | $118,000 |
| BURKE | $472,030 | $604,400 | $730,525 | $907,900 | $51,000 |
| BURLEIGH | $472,030 | $604,400 | $730,525 | $907,900 | $296,000 |
| CASS | $472,030 | $604,400 | $730,525 | $907,900 | $280,000 |
| CAVALIER | $472,030 | $604,400 | $730,525 | $907,900 | $105,000 |
| DICKEY | $472,030 | $604,400 | $730,525 | $907,900 | $128,000 |
| DIVIDE | $472,030 | $604,400 | $730,525 | $907,900 | $68,000 |
| DUNN | $472,030 | $604,400 | $730,525 | $907,900 | $223,000 |
| EDDY | $472,030 | $604,400 | $730,525 | $907,900 | $42,000 |
| EMMONS | $472,030 | $604,400 | $730,525 | $907,900 | $95,000 |
| FOSTER | $472,030 | $604,400 | $730,525 | $907,900 | $132,000 |
| GOLDEN VALLEY | $472,030 | $604,400 | $730,525 | $907,900 | $60,000 |
| GRAND FORKS | $472,030 | $604,400 | $730,525 | $907,900 | $248,000 |
| GRANT | $472,030 | $604,400 | $730,525 | $907,900 | $60,000 |
| GRIGGS | $472,030 | $604,400 | $730,525 | $907,900 | $65,000 |
| HETTINGER | $472,030 | $604,400 | $730,525 | $907,900 | $125,000 |
| KIDDER | $472,030 | $604,400 | $730,525 | $907,900 | $113,000 |
| LAMOURE | $472,030 | $604,400 | $730,525 | $907,900 | $65,000 |
| LOGAN | $472,030 | $604,400 | $730,525 | $907,900 | $60,000 |
| MCHENRY | $472,030 | $604,400 | $730,525 | $907,900 | $240,000 |
| MCINTOSH | $472,030 | $604,400 | $730,525 | $907,900 | $129,000 |
| MCKENZIE | $472,030 | $604,400 | $730,525 | $907,900 | $275,000 |
| MCLEAN | $472,030 | $604,400 | $730,525 | $907,900 | $147,000 |
| MERCER | $472,030 | $604,400 | $730,525 | $907,900 | $143,000 |
| MORTON | $472,030 | $604,400 | $730,525 | $907,900 | $296,000 |
| MOUNTRAIL | $472,030 | $604,400 | $730,525 | $907,900 | $165,000 |
| NELSON | $472,030 | $604,400 | $730,525 | $907,900 | $78,000 |
| OLIVER | $472,030 | $604,400 | $730,525 | $907,900 | $296,000 |
| PEMBINA | $472,030 | $604,400 | $730,525 | $907,900 | $97,000 |
| PIERCE | $472,030 | $604,400 | $730,525 | $907,900 | $130,000 |
| RAMSEY | $472,030 | $604,400 | $730,525 | $907,900 | $165,000 |
| RANSOM | $472,030 | $604,400 | $730,525 | $907,900 | $139,000 |
| RENVILLE | $472,030 | $604,400 | $730,525 | $907,900 | $240,000 |
| RICHLAND | $472,030 | $604,400 | $730,525 | $907,900 | $168,000 |
| ROLETTE | $472,030 | $604,400 | $730,525 | $907,900 | $90,000 |
| SARGENT | $472,030 | $604,400 | $730,525 | $907,900 | $115,000 |
| SHERIDAN | $472,030 | $604,400 | $730,525 | $907,900 | $25,000 |
| SIOUX | $472,030 | $604,400 | $730,525 | $907,900 | $99,000 |
| SLOPE | $472,030 | $604,400 | $730,525 | $907,900 | $129,000 |
| STARK | $472,030 | $604,400 | $730,525 | $907,900 | $329,000 |
| STEELE | $472,030 | $604,400 | $730,525 | $907,900 | $125,000 |
| STUTSMAN | $472,030 | $604,400 | $730,525 | $907,900 | $178,000 |
| TOWNER | $472,030 | $604,400 | $730,525 | $907,900 | $62,000 |
| TRAILL | $472,030 | $604,400 | $730,525 | $907,900 | $154,000 |
| WALSH | $472,030 | $604,400 | $730,525 | $907,900 | $130,000 |
| WARD | $472,030 | $604,400 | $730,525 | $907,900 | $240,000 |
| WELLS | $472,030 | $604,400 | $730,525 | $907,900 | $68,000 |
| WILLIAMS | $472,030 | $604,400 | $730,525 | $907,900 | $285,000 |
How are FHA loan limits determined?
FHA loan limits are based on the conforming loan limits that the Federal Housing Finance Agency (FHFA) sets annually for conventional mortgages in each U.S. county. Conforming loan limits, in turn, are based on the previous year’s median home prices. National median home prices rose 12% in 2022, so conforming loan limits and FHA limits have also increased.
The FHA sets loan amounts between national “floor” and “ceiling” limits. The lowest limit, called the floor, is set at 65% of the FHFA conforming loan limit, whereas the ceiling is set at 150% of the conforming loan limit.
The FHA floor for a single-family home loan is $472,030, which is the maximum amount available through an FHA loan in all 53 counties of North Dakota.
The FHA single-family home loan ceiling of $1,089,300 applies only to the U.S. counties with the most expensive housing markets. All counties in North Dakota fall below this limit.
How to qualify for an FHA loan in North Dakota
The less stringent lending qualifications offered by FHA loans make them popular choices for first-time homebuyers, though they are available to repeat buyers, too. If you’re unable to meet the high bar of conventional loan requirements, you’re struggling to come up with a down payment or you have damaged credit, an FHA loan may be more achievable for you.
Here are the minimum requirements you need to meet for an FHA loan in North Dakota:
Down payment and credit score. You can make a 3.5% down payment as long as you have at least a 580 credit score. Some lenders will approve borrowers with scores down to 500, but be prepared to put 10% down.
Debt-to-income ratio. Your debt-to-income (DTI) ratio is a measure of how much total monthly debt you have compared to your before-tax income. Although lenders prefer a DTI ratio of 43% or lower, some lenders will make exceptions for borrowers with high credit scores or a large cushion in savings.
Mortgage insurance. FHA loans require mortgage insurance regardless of how large of a down payment you make. The first type is the upfront mortgage insurance premium (UFMIP), worth 1.75% of your loan amount, which is usually added to your loan amount. The second type is an annual mortgage insurance premium (MIP), which costs 0.15% to 0.75% of the loan amount and is added to your monthly mortgage payment.
Primary residency. You’re required to live in the home you buy with an FHA loan as your primary residence for at least 12 months.
FHA home appraisals. To purchase a home with an FHA loan, you’re required to get a home appraisal. FHA loans come with stricter appraisal guidelines than conventional loans.
Buying a multifamily property with an FHA loan
You can buy a multifamily home with an FHA loan under the same requirements for single-family home loans. As long as you occupy one of the units in the property you buy, you can still put as little as 3.5% down. And don’t worry, you won’t be bound by the same loan limits that apply to single-family homes — the loan limits for multifamily homes are higher.
In all counties in North Dakota, the multifamily loan limits are:
- $604,400 for two units
- $730,525 for three units
- $907,900 for four units
FHA lenders in North Dakota
| Lender name | LT rating | Minimum FHA credit score |
|---|---|---|
| BMO Harris | 4 stars | 580 |
| PennyMac | 5 stars | 580 |
| Rocket Mortgage | 5 stars | 580 |
| Guild Mortgage | 3 stars | 540 |