NIFA Homebuyer Assistance Program (HBA)

About This Program

Down payment and closing cost assistance for first-time homebuyers. Second mortgage up to 5% of purchase price (max $10,000) at 1% interest over 10 years. Pairs with NIFA's first mortgage. Household income limit $175,500 (effective 7/7/2025). Purchase price limit $485,500 (single unit). First-time buyer homebuyer education required.

First-time buyer, income below $175,500, purchase below $485,500

Key Details

• Up to 5% of purchase price (max $10,000) down payment aid
• Second mortgage at 1% interest, 10-year term
• Household income limit: $175,500
• Purchase price limit: $485,500
• First-time homebuyer education required

How to Apply

Deadline: Year-round through NIFA participating lenders