Up to $15,000 in grant funds available for qualifying homebuyers

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 5.500%*
First Home Targeted 6.000%* 5.500%*
First Home 6.250%* 5.750%*
Homebuyer Assistance (HBA) 6.500%* - 1st loan
1.000%* - 2nd loan
6.000%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.000%* 6.500%*
Welcome Home Assistance (WHA)++ 7.250%* - 1st loan
1.000%* - 2nd loan
6.750%* - 1st loan
1.000%* - 2nd loan

Last changed 05/16/2024 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.

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.