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 11/20/19)
Program Name

Government Loan Rate

Conventional Loan Rate
Military Home3.000%*Not available
First Home Targeted3.000%*3.375%*
First Home3.250%*3.625%*
Homebuyer Assistance (HBA)

3.750%* - 1st loan rate

1.000%* - 2nd loan rate

4.125%* - 1st loan rate

1.000%* - 2nd loan rate

*This is not an advertisement for credit as defined in Regulation Z.  Contact a NIFA participating lender for Annual Percentage Rate ("APR") information.  Our interest rates are subject to change from time to time without prior notice.

Standard Loan Reservation Option

NIFA's standard loan reservation option is valid for 60 days.  This means lenders have 60 days to close once the loan reservation is entered in our system.  If for some reason a delay occurs with processing the loan, NIFA may be able to extend the loan reservation.  Please note there may be some situations NIFA will not be able to approve an extension or may need to charge an extension fee.

Extended Loan Reservation Option

If a homebuyer is building a new home, NIFA's extended loan reservation may be an option.  This option is valid for 150 days.  There is a one-time upfront fee of .50% of the loan amount.  The fee is refundable and will be credited back to the homebuyer at closing as long as the loan closes within 150 days once the loan reservation is entered in our system.  If the loan does not close within 150 days, NIFA reserves the right to keep the fee.