Freddie Mac HFA Advantage Loan Product - Update #20-23

Freddie Mac HFA Advantage Loan Product - Update #20-23

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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Freddie Mac HFA Advantage Loan Product - Update #20-23

Program Update #20-23 dated 8/5/20

NIFA and U.S. Bank are pleased to announce a new partnership with Freddie Mac that will expand and enhance our conventional loan programs.  The name of the new Freddie Mac loan product is called HFA Advantage.  The addition of HFA Advantage gives Participating Lenders another option to approve more qualified buyers using NIFA financing!

HFA Advantage loan reservations are effective immediately and available in connection with the First Home Targeted, First Home and Homebuyer Assistance ("HBA") Programs.

An updated Information Sheet including rates, income limits, purchase price limits, credit underwriting requirements and approved homebuyer education classes is available by clicking here.