North Dakota Residential Mortgage

Owner financing is an alternative to a traditional mortgage for real estate sales where a buyer can't qualify for a mortgage. In that case you can use this Contract for Deed template to finance all or part of the purchase price.

• This template is only for North Dakota.
• The seller remains on title as the owner of the property, even though the buyer takes possession. Once the purchase price is paid off, the seller will transfer ownership to the buyer.
• If the buyer fails to keep up the payments, the seller can repossess the property. The buyer forfeits all of the payments made as liquidated damages.

When mortgage funding is hard to come by, the North Dakota Contract for Deed makes it easier for buyers to become home owners. Download your copy now.

This free Fannie Mae/Freddie Mac 1-4 Family Rider is used if you are mortgaging a rental property with 1 to 4 units.

• The Rider should be attached to the mortgage, deed of trust or security deed, to amend and supplement the security instrument.
• The borrower agrees that the mortgage lender can collect the rents on the property if the borrower defaults under the Note. This is called an assignment of rents.
• Form 3170 USA Multistate 1-4 Family Mortgage Rider is a free form which can be downloaded directly from the FannieMae.com website.

This free Adjustable Rate Rider (1 Year Treasury Index - Rate Caps) is used to adjust the interest rate and monthly payments under the mortgage note.

• Once it's been signed, the Rider will form part of the mortgage, deed of trust or security deed.
• The borrower agrees that the interest rate may change once in each 12-month period.
• The new rate will be based on a weekly average yield on US Treasury securities adjusted over a 1-year maturity.
• The interest rate will not increase or decrease more than the percentage amount stated in the Rider.
• This Rider is for mortgages on single-family homes.
• Fannie Mae/Freddie Mac Form 3108 USA Multistate Adjustable Rate Mortgage Rider is a free MS Word document from freddiemac.com.

Attach this PUD Mortgage Rider to mortgages for single family residences that are part of a planned unit development (PUD).

• The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
• The borrower agrees to perform all of its obligations under the Declaration, bylaws, and other documents governing the PUD property, and to pay all dues and assessments when they become due.
• The PUD owners' association must maintain blanket property insurance and public liability insurance on the condominium project.
• If the borrower fails to pay dues and assessments when they become due, the lender may pay them, and they will form part of the debt owed by the borrower.
• Form 3150 USA Multistate Planned Unit Development (PUD) Mortgage Rider is a free download from FreddieMac.com.

This Monthly Multistate Fixed Rate Note can be used to secure repayment of a mortgage almost anywhere in the United States.

• This is a promissory note. The borrower promises to repay the principal amount of the loan, plus interest at the specified rate.
• Payments will be made monthly and will be applied first to late charges (if any), then to accrued interest, and then to principal.
• The loan will accelerate if the borrower defaults, and the entire amount owing on the loan will become immediately payable, at the option of the lender.
• The Note can be used in conjunction with a mortgage, a deed of trust or a security deed.
• Available in MS Word format.
• Intended to be used onlyl within the United States.