Up to $15,000 in grant funds available for qualifying homebuyers
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 10/08/2024 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.
News Types
Homebuyer Lender Real Estate Agent Renter Home / About
Mar 05, 2024
Up to $15,000 in grant funds available for qualifying homebuyers
Funds may be used with NIFA loan products and downpayment assistance
Exciting news for homebuyers: Federal Home Loan Bank has announced their Homeownership Set-Aside (HSP) and Homeownership Possibilities Expanded (HOPE) program grant funds for first-time and repeat homebuyers. First-time homebuyers may qualify for a grant up to $15,000 and repeat homebuyers may quanlify for a grant up to $12,500!
Even better? These grants may be used with NIFA loans and in conjunction with NIFA's downpayment and closing cost assistance!
Funds are available on a first come, first served basis, and income restrictions apply. Contact a NIFA Participating Lender today to learn more. Not sure who to contact? Have a conversation with Quinn the QualBot on nifa.org, ask to be connected with a loan advisor, and a participating lender will reach out to you.
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