Home At Last™ Daily Rates

Loan Rates Effective 09/16/2021 – Click to View Rate Sheet

GOVERNMENT LOANS
RATES & ASSISTANCE OPTIONS

Assistance  Options
Loan Rates
Loan Types
0% 2.750% FHA, VA, USDA
2% 3.250% FHA, VA, USDA
3% 3.625% FHA, VA, USDA
4% 4.125% FHA, VA, USDA
5% 4.625% FHA, VA, USDA

CONVENTIONAL LOANS
RATES & ASSISTANCE OPTIONS

 Assistance Options
Freddie Mac Rates
Income Limit:
80% AMI
View AMI Lookup Tool
Fannie Mae Rates
Income Limit:
≤ 80% AMI
View AMI Lookup Tool
Fannie Mae Rates
>
80% AMI
Income Limit: $135,000
0% 3.000% 3.000% 3.500%
1% 3.125% 3.125% 3.625%
2% 3.375% 3.375% 4.125%
3% 3.750% 3.750% 4.500%
4% 4.125% 4.125% 4.625%
5% 4.500% 4.500% N/A

CREDIT SCORE (FICO) MINIMUMS

  • PURCHASE LOANS*:
    640 with 45% maximum debt-to-income ratio
    680 with 45.01 – 50% maximum debt-to-income ratio
  • REFINANCE LOANS*:
    640 with 45% maximum debt-to-income ratio
    FHA streamline refinances are permitted
    VA or USDA streamline refinances are not permitted
  • *MANUFACTURED HOMES (all loan types):
    680 with 45% maximum debt-to-income ratio
    Freddie Mac conventional not permitted

INCOME LIMITS (see chart at bottom of page)

PURCHASE PRICE LIMITS

  • There are no purchase price limits established by the Home At Last™ program.

LOAN LIMITS

  • The Home At Last™ program does not establish a maximum or minimum loan amount.
  • Lenders must comply with agency limits per the specific loan guidelines for FHA, VA, USDA Guaranteed, and Conventional loans.

PLEASE NOTE:

  • Assistance is calculated as a percentage of the first mortgage
    • Example: $375,000 mortgage with 3% assistance = $11,250 for borrower to use toward down payment and/or closing costs
  • First mortgages are 30-year, fixed rate loans and the rate is set by the Home At Last™ program, not by the participating lender
  • Rates published on this website are for 30-year first mortgages and are based on the loan type and amount of assistance provided
  • First mortgage options with assistance will include a 3-year, forgivable second mortgage (0% interest, no payments)
  • Second mortgages for the assistance provided is forgiven on a 1/36 pro rata basis
    • Example: $11,250 in assistance results in $312.50 forgiven each month
  • Home At Last™ may be used for the purchase or refinance of a primary residence.
  • FHA loans and manufactured home loans may not be manually underwritten.

Lenders – Click Here to View Program Updates, Seller Guides & Bulletins

View MCC Income & Purchase Price Limits

 

Rates shown are effective for the date indicated and subject to change without notice. Home At Last™ participating lenders are responsible to follow all program guidelines and reserve loans at the rates published at eHousingPlus. Not all applicants will qualify. Home At Last™, a program of the Nevada Rural Housing Authority does not originate mortgage loans or determine eligibility. Eligibility for the program and mortgage financing is determined by licensed lenders approved to offer the Home At Last™ program.  The publishing of this program information is not an offer to lend money or solicit a mortgage application.