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.
| Program Name | Government Loan Rate | Conventional Loan Rate |
| Military Home | 4.500%* | Not available |
| First Home Targeted | 4.500%* | 4.500%* |
| First Home | 4.500%* | 4.500%* |
| Homebuyer Assistance (HBA) | 5.000%* - 1st loan rate 1.000%* - 2nd loan rate | 5.000%* - 1st loan rate 1.000%* - 2nd loan rate |
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.