NEWS: Housing Finance Agency Names Top FHA Loan Servicer

[Schmalz, Amber L.]

 

 

For Immediate Release Jan. 6, 2026

MEDIA CONTACT
Amber Schmalz Communications Coordinator
(701) 328-8074 or asch...@nd.gov

 

 

Housing Finance Agency Named Top FHA Loan Servicer

 

BISMARCK, ND – The U.S. Department of Housing and Urban Development’s (HUD) National Servicing Center ranked North Dakota Housing Finance Agency (NDHFA) as a Tier 1 Federal Housing Administration (FHA) loan servicer for FY 2025.

 

NDHFA provides first-time buyers with purchase assistance including loan guarantees that allow low- to moderate-income borrowers with low down payments to achieve homeownership. Of the 14,195 loans the agency currently services, approximately 41% are FHA guaranteed.

 

“NDHFA is committed to making housing affordable for all North Dakotans. Our homeownership programs are not only affordable, but all NDHFA loans are serviced locally. Our team takes great pride in providing one-on-one support to homeowners experiencing financial difficulties,” said NDHFA’s Executive Director Brandon Dettlaff.

 

The ranking system measures FHA servicer compliance with guidelines and intervention requirements, loss mitigation engagement, and reporting. The intention of the ranking is to protect borrowers and alert HUD to potential problems. A high work-out ratio shows a servicer’s effectiveness in working with delinquent borrowers to keep them out of foreclosure.

 

Loan servicers receive quarterly scores that are averaged to produce a final fiscal year-end score. NDHFA scored 93.82% for the year.

 

More information about NDHFA and its homeownership programs is available online at ndhousing.nd.gov.

 

A self-supporting state agency dedicated to making housing affordable for all North Dakotans, NDHFA is overseen by the North Dakota Industrial Commission, consisting of Governor Kelly Armstrong as chairman, Agriculture Commissioner Doug Goehring and Attorney General Drew H. Wrigley.