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

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

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. 

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

Program Update #20-20 dated 6/30/20

NIFA is announcing new conventional loan mortgage rates for our First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs.  All government loan mortgage rates and the HBA second mortgage loan rate remains the same.  The new conventional loan mortgage rates are effective for loan reservations processed in Lender Online on Wednesday, July 1, 2020.  NIFA rates are subject to change without prior notice.

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