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Build Home Program

Current rates

Program
Name		 Conventional
Loan Rate		 Government
Loan Rate
Military Home N/A 5.250%*
First Home Targeted 5.625%* 5.250%*
First Home 5.875%* 5.500%*
Homebuyer Assistance (HBA) 6.125%* - 1st loan
1.000%* - 2nd loan		 5.750%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.500%* 6.125%*
Welcome Home Assistance (WHA)++ 6.750%* - 1st loan
1.000%* - 2nd loan		 6.375%* - 1st loan
1.000%* - 2nd loan
Refinance Home 7.250%* 6.875%*

Rates Page

Last changed 03/12/2026 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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Build Home Program

Build a New Home With Confidence

The NIFA Build Home Program is designed for Nebraskans who want to build a new home rather than purchase an existing one. This program allows eligible homebuyers to lock in a NIFA mortgage interest rate for up to 180 days while their home is under construction. NIFA offers this program to provide homebuyers with stability, predictability, and peace of mind throughout the building process.

By reducing the uncertainty that can come with construction timelines and interest rate changes, Build Home helps make new construction more affordable and accessible, especially in rural and growing communities across Nebraska.
 

How the Build Home Program Works

Building a home takes time, and traditional mortgage rate locks often do not align with construction schedules. The Build Home Program solves this by offering an extended rate lock, giving you time to build without worrying about rising rates.

With Build Home, eligible borrowers can:

  • Lock in a NIFA mortgage interest rate for up to 180 days
  • Build a new single-family home anywhere in Nebraska
  • Use trusted NIFA loan options you may already qualify for
  • Work with participating lenders who understand new construction financing

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Build Home Program Eligibility

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