Announcing new NIFA homebuyer income and purchase price limits

Announcing new NIFA homebuyer income and purchase price limits

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 07/23/2024 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 Home / About

Jul 13, 2023

Announcing new NIFA homebuyer income and purchase price limits

NIFA is pleased to announce new income limits and purchase price limits for the First Home and Welcome Home programs! The new, increased limits are effective for all loans reserved in Lender Online on and after July 13, 2023.

The new program limits are listed on the appropriate pages of the Homebuyers and Renters section of NIFA's website. The Information Sheet posted under program documents in Lender Online also includes the new limits.

Initial Recapture Tax Notice: The Initial Recapture Tax Notice delivered at loan application has been updated with the date of 7/13/2023. Participating Lenders can use the updated notice immediately and will be required to use it for all loans reserved on or after August 1, 2023.

Contact homeownership@nifa.org with any questions.