Maximum Second Mortgage Loan Amount - Update #20-17

Maximum Second Mortgage Loan Amount - Update #20-17

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home2.250%*N/A
First Home Targeted2.250%*2.750%*
First Home2.500%*3.000%*
Homebuyer Assistance (HBA)3.000%* - 1st loan
1.000%* - 2nd loan
3.500%* - 1st loan
1.000%* - 2nd loan

Last changed 11/18/21 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. 

Home / About Lender Real Estate Agent

Maximum Second Mortgage Loan Amount - Update #20-17

Program Update #20-17 dated 5/6/20

NIFA is making a change to the maximum second mortgage loan amount in connection with Homebuyer Assistance ("HBA") Program loan reservations.  Currently, the maximum second mortgage loan amount is 5% of the purchase price with no upper ceiling.

This change applies to all HBA second mortgage loans that are reserved in Lender Online on and after Monday, May 11, 2020.

Please do not hesitate to let us know if you have any questions.  Thank you!