Maximum Second Mortgage Loan Amount - Update #20-17
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.
News Types
May 05
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!
1230 “O” Street, Suite 200
Lincoln, NE 68508-1402
Office Hours
Monday - Friday, 8a - 5p
© NIFA 2021