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

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

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home4.125%*N/A
First Home Targeted4.125%*4.750%*
First Home4.375%*5.000%*
Homebuyer Assistance (HBA)4.875%* - 1st loan
1.000%* - 2nd loan
5.500%* - 1st loan
1.000%* - 2nd loan

Last changed 05/27/22 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. 

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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.