New Mortgage Rates (Increase for HFA Preferred Loans Only) - Update #19-25
Current rates
| Program Name |
Conventional Loan Rate |
Government Loan Rate |
|---|---|---|
| Military Home | N/A | 5.875%* |
| First Home Targeted | 6.375%* | 5.875%* |
| First Home | 6.625%* | 6.125%* |
| Homebuyer Assistance (HBA) | 6.875%* - 1st loan 1.000%* - 2nd loan |
6.375%* - 1st loan 1.000%* - 2nd loan |
| Welcome Home++ | 7.375%* | 6.875%* |
| Welcome Home Assistance (WHA)++ | 7.625%* - 1st loan 1.000%* - 2nd loan |
7.125%* - 1st loan 1.000%* - 2nd loan |
Last changed 04/18/2024 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.
News Types
Sep 18
Home / About Lender Real Estate Agent
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.
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