New Mortgage Rates (Increase for HFA Preferred Loans Only) - Update #19-25

New Mortgage Rates (Increase for HFA Preferred Loans Only) - Update #19-25

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home2.750%*N/A
First Home Targeted2.750%*3.375%*
First Home3.000%*3.625%*
Homebuyer Assistance (HBA)3.500%* - 1st loan
1.000%* - 2nd loan
4.125%* - 1st loan
1.000%* - 2nd loan

Last changed 01/27/22 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 (Increase for HFA Preferred Loans Only) - Update #19-25

Program Update #19-25 dated 9/19/19

NIFA is announcing new mortgage rates for HFA Preferred conventional loans only in connection with our Military Home, First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs.  The new HFA Preferred conventional rates are effective for loan reservations processed in Lender Online on Friday, September 20, 2019.

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