New Mortgage Rates (decrease) - Update #19-08

New Mortgage Rates (decrease) - Update #19-08

Current rates

Loan Rate
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 6.000%* 5.375%*
First Home 6.250%* 5.625%*
Homebuyer Assistance (HBA) 6.500%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.000%* 6.375%*
Welcome Home Assistance (WHA)++ 7.250%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 06/13/2024 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.

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Feb 11, 2019

New Mortgage Rates (decrease) - Update #19-08

Program Update #19-08 dated 2/12/19

NIFA is announcing new mortgage rates for all first mortgage loan programs.  The rate on the Homebuyer Assistance (HBA) second mortgage loan will remain at 1%.  The new mortgage rates are effective for all loan reservations processed in Lender Online on Wednesday, February 13, 2019.

An updated Information Sheet including rates, household income limits, purchase price limits and credit underwriting overlays is available by clicking here.