NIFA and U.S. Bank are pleased to announce a new partnership with Freddie Mac that will expand and enhance our conventional loan programs. The name of the new Freddie Mac loan product is called HFA Advantage. The addition of HFA Advantage gives Participating Lenders another option to approve more qualified buyers using NIFA financing!
HFA Advantage loan reservations are effective immediately and available in connection with the First Home Targeted, First Home and Homebuyer Assistance ("HBA") Programs.
An updated Information Sheet including rates, income limits, purchase price limits, credit underwriting requirements and approved homebuyer education classes is available by clicking here.