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Current Interest Rates: As of February 09, 2010 7:08 AM

All loan types listed below--conventional, FHA, USDA and VA--are for first-time home buyers or individuals who have not owned a home in three years. FHA loans are insured by the Federal Housing Administration; VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans; USDA loans are guaranteed by the U.S. Department of Agriculture for rural areas; and conventional loans are insured by a private mortgage insurance (pmi) company. This insurance is paid to the lender if the buyer defaults on the loan. Loans are available through our network of participating lenders. In addition, persons who buy homes in certain targeted census tracts are eligible for these loans, even if they are not first-time home buyers. To learn more about our loans and downpayment assistance, visit our Home Buyer section. Notice: Rates are subject to change without notification

Current Interest Rates on FirstHome Mortgage
Loan Type (All loans are 30-year, fixed rate with 0 discount points)		Interest Rate (90-day lock-in period)	APR (calculated using $123,000 sales price, 1% origination fee, 1 day's interim interest)
Without downpayment assistance (DAP) from NCHFA
Conventional		4.875%	5.3236%
FHA		4.875%	5.4785%
USDA		4.875%	5.1373%
VA		4.875%	5.1503%
With $14,900 downpayment assistance (DAP) from NCHFA
FHA		5.75%	6.2996%
USDA		5.75%	6.0265%
VA		5.75%	6.0402%
With $8,000 downpayment assistance (DAP) from NCHFA
Conventional		5.99%	6.3992%
FHA		5.99%	6.6214%
USDA		5.99%	6.2705%
VA		5.99%	6.2844%
With $4,000 downpayment assistance (DAP) from NCHFA
Conventional		5.99%	6.415%
FHA		5.99%	6.6214%
USDA		5.99%	6.2705%
VA		5.99%	6.2844%
For Targeted Areas ONLY
All above Loan Types		4.875 % Note Rate APRs vary from 5.137 % to 6.621 % depending on loan type
Note: The Agency is able to offer 4.875 % (90 day lock-in period), 30 year fixed rates for all loan types shown above (not requiring NCHFA downpayment assistance), for properties located in targeted areas. The first-time homebuyer requirement does not have to be met if the borrower's residence is located in a designated targeted area.