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Homebuyer Education

Current rates

Loan Rate
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 6.000%* 5.375%*
First Home 6.250%* 5.625%*
Homebuyer Assistance (HBA) 6.500%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.000%* 6.375%*
Welcome Home Assistance (WHA)++ 7.250%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 06/13/2024 at 9:00 a.m
*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. 

++An origination fee up to 0.50% of the loan amount may be charged by Lender.

Homebuyer Education

Buying a home can be overwhelming, which is why we require occupying borrowers to complete a homebuyer education class from a NIFA-approved provider, prior to your closing. We encourage our buyers to take the class when the first begin the search process. The classes are good for 12 months from the date of completion and the class content is valuable as a first time homebuyer is evaluating properties for purchase.

Homebuyer education to-do list for NIFA borrowers:

  • Complete an approved education class prior to closing, if you will be signing the loan (promissory note) and living in the property
  • Turn in a completion certificate to the lender. The certificate needs to have the borrower’s name and education provider on it.
    • NOTE: Certificates are valid for 12 months from the issuance/completion date

Search for approved classes: