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 05/02/2024 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.
Program Update #19-27 dated 11/26/19
NIFA and U.S. Bank are announcing changes to manual underwriting guidelines for all conventional and government loan products. The changes are effective for all loan reservations processed in Lender Online on and after November 22, 2019.
An updated Summary of Credit Underwriting Guidelines is available in Lender Online and by clicking here.