First Home Program
If someone is wanting to buy their very first home or if it’s been more than three years since they’ve owned a home, the First Home Program is a perfect fit.
The First Home Program is for buyers who don’t qualify for our Military Home Program and don’t need down payment and closing cost assistance. All buyers in this program must meet NIFA’s first-time homebuyer eligibility requirement.
First Home Targeted Program
The First Home Targeted Program is for buyers who purchase a home located in a target area and do not need down payment and closing cost assistance. Buyers do not need to meet NIFA's first-time homebuyer requirement. Maximum household income and purchase price limits are higher when a home is located in a target area.
Target areas are designated by the federal government. The following counties have targeted census tracts:
You can use NIFA's Geocoding/Mapping System to help you identify whether or not a specific home is located in a target area.
Loan Options & Helpful Links
Loan type options are a conventional-insured, FHA-insured, USDA Rural Development-guaranteed or VA-guaranteed. NIFA doesn’t require mortgage insurance if the down payment is 20% or more and if buyers qualify for a conventional loan.
Other helpful links:
