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Military Home Program

Current rates

Program
Name		 Conventional
Loan Rate		 Government
Loan Rate
Military Home N/A 6.500%*
First Home Targeted 6.875%* 6.500%*
First Home 7.125%* 6.750%*
Homebuyer Assistance (HBA) 7.375%* - 1st loan
1.000%* - 2nd loan		 7.000* - 1st loan
1.000%* - 2nd loan
Welcome Home+ 7.750%* 7.375%*
Welcome Home Assistance (WHA)+ 8.000%* - 1st loan
1.000%* - 2nd loan		 7.625%* - 1st loan
1.000%* - 2nd loan
Build Home++ Varies* Varies*
Refinance Home 8.500%* 8.125%*

Rates Page

Last changed 10/06/2026 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.

++ Interest rate based on program eligibility. See program details.

  1. NIFA's Innovation Expo
  2. Lenders & Realtors
  3. Military Home Program

Military Home Program

The Military Home Program may be a good option for eligible buyers who are active military members or qualified veterans discharged under conditions other than dishonorable.

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

Qualified Veterans do not have to meet the first-time homebuyer eligibility requirements.

If the buyer is not eligible for a loan through the  Department of Veterans Affairs, they can choose either a Federal Housing Administration (FHA) insured loan, or a USDA Rural Development (RD) guaranteed loan.