New Mortgage Rates (Decrease) - Update #20-05

New Mortgage Rates (Decrease) - Update #20-05

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military HomeN/A5.625%*
First Home Targeted6.125%*5.625%*
First Home6.375%*5.875%*
6.625%* - 1st loan
1.000%* - 2nd loan
6.125%* - 1st loan
1.000%* - 2nd loan
6.875%*6.375%*
7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 12/1/22 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. 

++An origination fee up to 0.50% of the loan amount may be charged by Lender.

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New Mortgage Rates (Decrease) - Update #20-05

Program Update #20-05 dated 3/10/20

NIFA is announcing new first mortgage rates for our Military Home, First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs.  The new mortgage rates are effective for loan reservations processed in Lender Online on Wednesday, March 11, 2020.

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