Revised Lender Compensation Schedule - Update #20-01
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 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.
News Types
Jan 09, 2020
Revised Lender Compensation Schedule - Update #20-01
Program Update #20-01 dated 01/10/20
NIFA is announcing changes to the Lender Compensation Schedule. The title of the schedule will now be referred to as the Loan Delivery Schedule. The changes are effective for all loan reservations processed in Lender Online on and after February 1, 2020.
Please feel free to contact anyone on the Homeownership Team with questions.
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