BISMARK — The North Dakota Housing Finance Agency, which plans to provide mortgage assistance to high-income individuals and families in most counties, has increased the purchase price limit for financed properties.
Changes to income and acquisition limits are from the Internal Revenue Service and will be made on a county or state basis, state officials said in a news release.
The acquisition cost limit for the FirstHome and HomeAccess programs has increased from $349,525 to $481,176 for single-family homes. State officials said the limit would be higher for homes with two to four units.
State officials said the annual income cap of $96,800 to $128,685 will be updated to a range of $100,400 to $127,420, depending on household size and the county in which the household is located. .
For more information about the North Dakota Housing Finance Agency’s Homeownership Program, visit online at www.ndhfa.org.
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