Changes to Program Requirements - Update #21-11

Changes to Program Requirements - Update #21-11

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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Changes to Program Requirements - Update #21-11

Program Update #21-11 dated 3/18/21

NIFA is pleased to announce changes to our loan program eligibility and documentation requirements.  These changes were discussed during our Lender Workshops last week.

All of the changes included in this Program Update are effective for loan reservations processed in Lender Online ("LOL") dated on and after April 1, 2021.

Attached you will find an Outline of Program Changes. This is a comprehensive list of all changes and we hope it is helpful to Lenders as we work through this transition.

Our Homeownership Team is available to answer any questions.