Factory Built Housing - Update #21-12

Factory Built Housing - Update #21-12

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military HomeN/A5.625%*
First Home Targeted6.125%*5.625%*
First Home6.375%*5.875%*
6.625%* - 1st loan
1.000%* - 2nd loan
6.125%* - 1st loan
1.000%* - 2nd loan
6.875%*6.375%*
7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 12/1/22 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.

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Factory Built Housing - Update #21-12

Program 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 hereNote: 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.