News: Program - Single Family
New 3.99% mortgage rate for NIFA Targeted Areas
NIFA has announced a new mortgage rate of 3.99% for its First Home Program in Targeted areas (Please see maps and census tracts for specific areas). You do not have to be a first-time homebuyer in NIFA Targeted Areas, which are primarily located in Lincoln and Omaha, and income and purchase price limits are higher.
All other mortgage interest rates will remain the same including the First Home Non-Targeted area mortgage rate at 5.09%, the Homebuyer Assistance (HBA) rate at 5.98% and the Super Target Mortgage rate at 2.99%. The fee structure stays the same with a 1% origination fee and ¾ points paid at closing.
The above rates are effective for all loan reservations processed after 11:00pm CST on Friday, June 17, 2005
For more information, see NIFA's Single Family Program or contact NIFA at (402) 434-3900.
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