How to Buy a House in North Dakota: Step-by-Step Guide
Follow these 10 steps to navigate the home buying process in North Dakota. Note: North Dakota requires an attorney at closing.
Check Your Credit Score & Finances
Review your credit report, calculate your debt-to-income ratio, and determine how much you can afford. Most lenders want a credit score of 620+ for conventional loans, or 580+ for FHA loans.
Get Pre-Approved for a Mortgage
Contact multiple lenders to compare rates and get a pre-approval letter. This shows sellers you're a serious buyer and tells you exactly how much you can borrow.
North Dakota Note: The current FHA loan limit in North Dakota is $472,030.
Find a Real Estate Agent
Work with a licensed North Dakota real estate agent who knows your target area. Agents are regulated by the North Dakota Real Estate Commission.
Search for Homes & Make an Offer
Browse listings in North Dakota where the average home price is $289,622. Homes typically stay on market for 55 days. When you find the right one, your agent will help you submit a competitive offer.
Get a Home Inspection
Hire a licensed home inspector to evaluate the property's condition. This typically costs $300-$500 and can save you from expensive surprises.
Secure Your Financing
Finalize your mortgage application, lock in your interest rate, and provide all required documentation to your lender. The lender will order an appraisal.
Get Homeowners Insurance
Shop for homeowners insurance in North Dakota. Your lender will require proof of insurance before closing. Compare at least 3-4 quotes.
Review Closing Disclosure
You'll receive a Closing Disclosure at least 3 business days before closing. In North Dakota, average closing costs are $12,307 (4.25% of the home price). Review every line carefully.
Close on Your New Home
North Dakota requires an attorney to be present at closing. You'll sign all final documents, pay closing costs, and receive the keys to your new home.
Move In & File Your Homestead Exemption
Congratulations! After moving in, file for North Dakota's homestead exemption (Up to $150,000) to reduce your property taxes.
North Dakota Legal Quick Reference
Conveyance
Warranty deed
Security
Mortgage; deed of trust sometimes used
Foreclosure
Judicial
Attorney
Required
Seller Disclosure Requirements
North Dakota follows caveat emptor; no disclosure form is required except for federally mandated lead-paint disclosures, but sellers may not commit fraud. Courts can rescind a sale or award restitution for deceptive nondisclosures.
