Factory Built Housing - Update #21-12
Current rates
| Program Name |
Conventional Loan Rate |
Government Loan Rate |
|---|---|---|
| Military Home | N/A | 5.875%* |
| First Home Targeted | 6.375%* | 5.875%* |
| First Home | 6.625%* | 6.125%* |
| Homebuyer Assistance (HBA) | 6.875%* - 1st loan 1.000%* - 2nd loan |
6.375%* - 1st loan 1.000%* - 2nd loan |
| Welcome Home++ | 7.375%* | 6.875%* |
| Welcome Home Assistance (WHA)++ | 7.625%* - 1st loan 1.000%* - 2nd loan |
7.125%* - 1st loan 1.000%* - 2nd loan |
Last changed 04/18/2024 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.
News Types
Apr 01
Lender Real Estate Agent Home / About
Factory Built Housing - Update #21-12
In an effort to address affordable housing shortages, NIFA is excited to announce the addition of Factory Built Housing to the First Home Program! This initiative will provide more housing options and solutions for first-time buyers and communities in Nebraska. The effective date is 4/1/21.
Participating Lenders must follow specific loan underwriting criteria for program eligibility. A summary of the Factory Built Housing Guidelines is attached to the Program Update and is available here. Note: Single wides are not allowed and there is a minimum of 900 square feet for the units.
Please let us know if you have any questions.
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