New NIFA Rates at Historic Lows

Lincoln, NE – The Nebraska Investment Finance Authority (NIFA) recently lowered rates on all of its Single Family Programs to the lowest statewide regular program rates offered in NIFA history. NIFA’s Single Family Programs provide financing for the purchase of single family homes for first-time homebuyers and buyers in federally-designated target areas in Nebraska. The rate for NIFA’s First Home Plus loan program is currently set at 4.45%*. More information and rates for additional programs can be found at NIFA’s website.  NIFA offers only 30-year, fixed rate loans with full underwriting documentation. To be eligible for the NIFA program all homebuyers must complete a homebuyer education course prior to loan closing.

In 2008 and 2009, NIFA helped more than 2,600 Nebraska families purchase a home. These
families had an average income of $46,500 and bought homes with an average purchase price of
$97,700. Of those NIFA homebuyers, 46% purchased homes in rural areas and 54% purchased
homes in urban areas (Douglas, Lancaster & Sarpy counties). NIFA has financed more than
74,500 home loans for Nebraskans and has issued more than $4.5 billion of Mortgage Revenue
bonds in order to carry out its single family program. NIFA uses no state tax dollars in its
operations.

NIFA also recently announced the release of the Advanced Buyer Credit-2 (ABC-2) Loan
Program, which enables participating homebuyers the ability to access a portion of their expected
Federal Homebuyer Tax Credit at loan closing in order to pay down payment and closing costs
related to the purchase of a home.

More information on rates and purchase price and income limits are available on NIFA’s website
(http://www.nifa.org) or from any NIFA participating lender.