Program Name |
Conventional Loan Rate |
Government Loan Rate |
---|---|---|
Military Home | N/A | 5.500%* |
First Home Targeted | 6.125%* | 5.500%* |
First Home | 6.375%* | 5.750%* |
Homebuyer Assistance (HBA) | 6.625%* - 1st loan 1.000%* - 2nd loan |
6.000%* - 1st loan 1.000%* - 2nd loan |
Welcome Home++ | 7.250%* | 6.625%* |
Welcome Home Assistance (WHA)++ | 7.500%* - 1st loan 1.000%* - 2nd loan |
6.875%* - 1st loan 1.000%* - 2nd loan |
Last changed 12/02/2024 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.
++An origination fee up to 0.50% of the loan amount may be charged by Lender.
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.