Maximum Second Mortgage Loan Amount - Update #20-17

05/06/2020

Program Update #20-17 dated 5/6/20

NIFA is making a change to the maximum second mortgage loan amount in connection with Homebuyer Assistance ("HBA") Program loan reservations.  Currently, the maximum second mortgage loan amount is 5% of the purchase price with no upper ceiling.

This change applies to all HBA second mortgage loans that are reserved in Lender Online on and after Monday, May 11, 2020.

Please do not hesitate to let us know if you have any questions.  Thank you!