New Mortgage Rates (Decrease) - Update #20-31
Current rates
| Program Name |
Conventional Loan Rate |
Government Loan Rate |
|---|---|---|
| Military Home | N/A | 5.750%* |
| First Home Targeted | 6.375%* | 5.750%* |
| First Home | 6.625%* | 6.000%* |
| Homebuyer Assistance (HBA) | 6.875%* - 1st loan 1.000%* - 2nd loan |
6.250%* - 1st loan 1.000%* - 2nd loan |
| Welcome Home++ | 7.375%* | 6.750%* |
| Welcome Home Assistance (WHA)++ | 7.625%* - 1st loan 1.000%* - 2nd loan |
7.000%* - 1st loan 1.000%* - 2nd loan |
Last changed 11/30/2023 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.
News Types
Nov 16
Home / About Lender Real Estate Agent
New Mortgage Rates (Decrease) - Update #20-31
Program Update #20-31 dated 11/17/20
NIFA is announcing new first mortgage rates for our Military Home, First Home Grant, First Home Targeted, First Home and Homebuyer Assistance (HBA) Programs. The new mortgage rates are effective for loan reservations processed in Lender Online on Wednesday, November 18, 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 by clicking here.
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