Rate Change Announcements - Update #21-10

Rate Change Announcements - Update #21-10

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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Rate Change Announcements - Update #21-10

Program Update #21-10 dated 3/17/21

Effective immediately, NIFA will implement a new mortgage rate setting process for all loans.  This new process was discussed during our Lender Workshops last week.

NIFA will no longer provide an advance notification for rate adjustments and no exceptions are allowed for loan reservations that are not processed prior to the adjustment.

If you have any questions, please let us know.