[nd.gov - The Official Portal for North Dakota State Government]
[North Dakota: Legendary. Follow the trail of legends]
About BND College Save Affiliations Financials & Compliance Site Map Contact Us
Lending Services
Home


Yes, we can do that!Lending Services

College Planning Center Deal Student Loans - Link will open in a new window Lending Services Treasury Services
Login to your account
You are here
print button spacer graphic
spacer graphic

Rural Mortgage Loan Program

The Rural Mortgage Loan Program allows rural financial institutions that do not have FHA approval to service their customers requesting a mortgage loan. The applicant must be referred to BND by a rural lender.

Residential Real Estate Financing Program

The Residential Real Estate Financing Program provides traditional mortgage services to the residents of North Dakota.

Qualifying Requirements

Local Lender - A local lender originates the loan and sells it to BND. BND services the loan.

Collateral - Loans are secured by a first mortgage on real estate in North Dakota.

Underwriting Standards - Loans are underwritten using Federal National Mortgage Association ("Fannie Mae"), Federal Home Loan Mortgage Corporation ("Freddie Mac"), Federal Housing Administration ("FHA"), and Veterans Administration ("VA") underwriting guidelines and forms.

Information Requirements - As there are different loan programs, such as FHA, VA, and Conventional loans, BND will furnish the lender with documentation requirements on each individual program.

Interest Rate

The interest rate is negotiated between the borrower and the originating lender.

For more information please contact us at:

Bank of North Dakota
1200 Memorial Hwy
PO Box 5509
Bismarck, ND 58506-5509
701.328.5759
800.472.2166 ext. 328.5759
TDD (Telephone Device for the Deaf) 800.643.3916