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

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

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 5.875%* 5.375%*
First Home 6.125%* 5.625%*
Homebuyer Assistance (HBA) 6.375%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.875%* 6.375%*
Welcome Home Assistance (WHA)++ 7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 03/25/2024 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.

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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.