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 7/1/20)

Program NameGovernment Loan RateConventional Loan Rate
Military Home2.875%*Not available
First Home Targeted2.875%*3.125%*
First Home3.125%*3.375%*
Homebuyer Assistance (HBA)3.625%* - 1st loan rate
1.000%* - 2nd loan rate
3.875%* - 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.  The Loan Delivery Schedule has tiered pricing for the Service Release Premium ("SRP").  The maximum SRP is attained by the Participating Lender when the closed loan is delivered and purchased by the Master Servicer within 90 days of the loan reservation date.  The SRP declines between 91 and 120 days from the loan reservation date.  Loans are inelgible for purchase 120+ days from the loan reservation date.