New Mortgage Rates (Decrease Conventional Loans Only) - Update #20-30

10/27/2020

Program Update #20-30 dated 10/27/20

NIFA is announcing new conventional loan only first mortgage rates for our First Home Grant, First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs.  The new conventional mortgage rates are effective for loan reservations processed in Lender Online on Wednesday, October 28, 2020 at 8:00 am Central Time.  NIFA rates are subject to change without prior notice.

An updated Information Sheet including rates, household income limits, purchase price limits, credit underwriting overlays and homebuyer education requirements is available here.