Program Changes in Response to the COVID-19 Pandemic - Update #20-11
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.
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Mar 31
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Program Changes in Response to the COVID-19 Pandemic - Update #20-11
Program Update #20-11 dated 4/1/20
NIFA is thinking of all of our partners and customers during this challenging time of uncertainty. Our dedicated staff remains ready and able via telephone or email to support your needs. This Program Update is being distributed to address recent guideline changes announced by Fannie Mae, Freddie Mac, FHA, VA and USDA/Rural Development and some changes with NIFA's compliance review process to determine program eligibility.
We will notify Participating Lenders if any other program changes become necessary as the situation evolves. Please do not hesitate to reach out to anyone on the Homeownership Team with questions. Thanks for your continued support and partnership!
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