New Income Limits & Recapture Tax Notice - Update #20-21

New Income Limits & Recapture Tax Notice - Update #20-21

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 Income Limits & Recapture Tax Notice - Update #20-21

Program Update #20-21 dated 7/1/20

NIFA is pleased to announce new household income limits based on the 2020 limits published by the Department of Housing and Urban Development.  Please note the limits increased for all counties in Nebraska.

The 2020 income limits are included on the attached Appendix I and take effect for all loans with a reservation date in Lender Online ("LOL") on and after July 1, 2020.

An updated Information Sheet is available by clicking here.