Limited # of First Home Grants Available!

Limited # of First Home Grants Available!

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.875%*
First Home Targeted 6.375%* 5.875%*
First Home 6.625%* 6.125%*
Homebuyer Assistance (HBA) 6.875%* - 1st loan
1.000%* - 2nd loan
6.375%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.375%* 6.875%*
Welcome Home Assistance (WHA)++ 7.625%* - 1st loan
1.000%* - 2nd loan
7.125%* - 1st loan
1.000%* - 2nd loan

Last changed 04/18/2024 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

Limited # of First Home Grants Available!

$5,000 GRANTS FOR FIRST TIME BUYERS AVAILABLE! 34 LEFT!

The First Home Grant Program is for buyers with a total household income that does not exceed 50% of the Area Median Income (AMI).  The Program provides first mortgage financing and grant funds for down payment and/or closing cost assistance.  The grant amount is $5,000 per household and is not required to be paid back. There is a limited amount of funding and the funds will be allocated on a first-come, first-serve basis.

Buyers using this program must meet NIFA's first-time homebuyer requirement described in the Eligibility section.

Loan type options include a Conventional-insured loan, FHA-insured loan, USDA Rural Development-guaranteed loan and VA-guaranteed loan. 

HELP US GET THE WORD OUT ABOUT THESE GRANTS!

If you have any questions, contact the NIFA Homeownership Team directly!

homeownership@nifa.org

402.434.3900