New 2024 Income Limits for Home Loans

New 2024 Income Limits for Home Loans

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 5.875%* 5.375%*
First Home 6.125%* 5.625%*
Homebuyer Assistance (HBA) 6.375%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.875%* 6.375%*
Welcome Home Assistance (WHA)++ 7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 07/23/2024 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.

General

Jun 13, 2024

New 2024 Income Limits for Home Loans

NIFA is happy to announce new income limits for NIFA home loan programs. These limits are effective June 14, 2024.

To view the new limits, visit the Resources & Documents page in the Lenders & Realtors section of nifa.org and view the NIFA Income and Purchase Price Limits document.

Contact NIFA's Homeownership Team at 402.434.3900 or homeownership@nifa.org if you have questions.