New Mortgage Rates (Decrease) - Update #21-03

New Mortgage Rates (Decrease) - Update #21-03

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.500%*
First Home Targeted 6.000%* 5.500%*
First Home 6.250%* 5.750%*
Homebuyer Assistance (HBA) 6.500%* - 1st loan
1.000%* - 2nd loan
6.000%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.000%* 6.500%*
Welcome Home Assistance (WHA)++ 7.250%* - 1st loan
1.000%* - 2nd loan
6.750%* - 1st loan
1.000%* - 2nd loan

Last changed 05/16/2024 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.

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Jan 25, 2021

New Mortgage Rates (Decrease) - Update #21-03

Program Update #21-03 dated 1/26/21

NIFA is announcing new first mortgage rates for all Homeownership Programs.  The new rates are effective on Wednesday, January 27, 2021 at 8:00 am Central Time.

An updated Information Sheet is available here.