Program Name | Government Loan Rate | Conventional Loan Rate |
---|---|---|
Military Home | 4.125%* | N/A |
First Home Targeted | 4.125%* | 4.750%* |
First Home | 4.375%* | 5.000%* |
Homebuyer Assistance (HBA) | 4.875%* - 1st loan 1.000%* - 2nd loan | 5.500%* - 1st loan 1.000%* - 2nd loan |
Welcome Home | COMING SOON | COMING SOON |
Welcome Home Assistance (WHA) | COMING SOON | COMING SOON |
Last changed 08/11/22 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.
At NIFA, we help Nebraskans purchase their own home. To do this, we offer a variety of NIFA loan programs.
Individuals who haven’t owned and occupied a primary residence within the past three years, are considered a first-time homebuyer. Even if a home was owned years ago, but has been occupied by renters for three or more years, to us that's still considered a first-time homebuyer.
Potential buyers do not need to be a first-time homebuyer if:
Note: There are some situations when NIFA may grant an exception to the first-time homebuyer requirement. If one of these situations apply, a Participating Lender will submit documentation to our office for review during the loan application process:
NIFA is committed to helping homebuyers get into their new home with a great, low interest loan, and minimal hassle.