Interest Rates

One of the benefits of a NIFA loan is our competitively priced interest rate options.  All of our first mortgage loan interest rates are fixed with a 30-year term and do not have an origination or discount fee.  Our HBA Program second mortgage loan interest rate is fixed with a 10-year term.

Current Rates (last changed 5/6/20)

Program NameGovernment Loan RateConventional Loan Rate
Military Home3.125%*Not available
First Home Targeted3.125%*3.500%*
First Home3.375%*3.750%*
Homebuyer Assistance (HBA)3.875%* - 1st loan rate
1.000%* - 2nd loan rate
4.250%* - 1st loan rate
1.000%* - 2nd loan rate

*Click here for additional program details

*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice. 

Loan Reservations

NIFA interest rates are valid for 120 days from the loan reservation date.  Typically, NIFA loans close within 30-60 days from the loan reservation date.  It is important for you to work closely with your Participating Lender to answer any questions and provide all documentation needed to approve and close your loan in a timely manner.

You can call NIFA's toll-free number at 800-204-6432 to speak with one of our Homeownership Team Specialists (Monday-Friday 8 a.m. to 5 p.m. CT) or contact us by email.