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Military Home Program

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.875%*
First Home Targeted 6.500%* 5.875%*
First Home 6.750%* 6.125%*
Homebuyer Assistance (HBA) 7.000%* - 1st loan
1.000%* - 2nd loan
6.375%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.500%* 6.875%*
Welcome Home Assistance (WHA)++ 7.750%* - 1st loan
1.000%* - 2nd loan
7.125%* - 1st loan
1.000%* - 2nd loan

Last changed 04/16/2024 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.

Military Home Program

A home loan program specifically for:

  • Active Military (active duty or reserves), or
  • Qualified Veterans (discharged under conditions other than "dishonorable")

Active military members must meet NIFA’s first-time homebuyer requirement.

If you’re a qualified veteran or spouse, you aren’t required to be a first-time homebuyer. A copy of your DD214 Form will be required to determine eligibility.

If you are not eligible for a loan through the Department of Veterans Affairs, you have the option to choose either a Federal Housing Administration (FHA) insured loan, or a USDA Rural Development (RD) guaranteed loan

Contact a loan advisor at one of our participating lenders to learn more!

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