New Mortgage Rates (Decrease Government Loans Only) - Update #20-29

New Mortgage Rates (Decrease Government Loans Only) - Update #20-29

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 Government Loans Only) - Update #20-29

Program Update #20-29 dated 10/6/20

NIFA is announcing new government loan only first mortgage rates for our Military Home, First Home Grant, First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs.  The new government mortgage rates are effective for loan reservations processed in Lender Online on Wednesday, October 7, 2020 at 8:00 am Central Time.  NIFA rates are subject to change without prior notice.

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