FHA Mortgagee Letter 2019-06 - Update #19-19
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.
News Types
Jun 27, 2019
FHA Mortgagee Letter 2019-06 - Update #19-19
Program Update #19-19 dated 6/28/19
We are sending this Program Update to assist Participating Lenders in complying with the requirements outlined in FHA Mortgagee Letter 2019-06 ("ML 19-06") in connection with Homebuyer Assistance ("HBA") provided by NIFA.
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