Mandatory Lender Workshops - Update #20-04
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
Feb 25, 2020
Mandatory Lender Workshops - Update #20-04
Program Update #20-04 dated 2/26/20
The Homeownership Team is very excited about the upcoming opportunity to spend time with our Participating Lenders! Our lender workshops are approaching fast and you do not want to miss this opportunity to learn about affordable programs and products that benefit first-time homebuyers. The registration deadline is Friday, March 6, 2020.
NIFA has always required at least one person from each lending institution to participate. Lending institutions who are not in attendance will be suspended from entering new loan reservations in Lender Online until training is completed.
Please reach out to anyone on the Homeownership Team with questions. We look forward to seeing you in March!
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