Eligibility: First-time homebuyers (no ownership in past 3 years); veterans or buyers in targeted areas qualify even if not first-time.
Benefits: First mortgage plus 10-year, 1% interest second loan up to 5% of purchase price.
Description: Eligible veterans/reservists may receive a 0.5% rate reduction on NIFA mortgage; can pair with HBA.
Omaha Down Payment Assistance: Up to $20,000 deferred loan (0% interest) for first-time buyers; income ≤ 80% AMI.
Lincoln First-Time Homebuyer Program: Up to $15,000 forgivable loan over 10 years; income ≤ 80% AMI.
Grand Island Homebuyer Assistance: Up to $10,000 deferred 0% loan; income ≤ 80% AMI.Nebraska Investment Finance Authority (NIFA) Programs:
First Home Program:
Offerings: 30-year mortgage (FHA, VA, USDA, conventional) with below-market rates.
Requirements:
Homebuyer Assistance Program (HBA):
Eligibility: Must use a NIFA first mortgage; first-time buyer, veteran, or targeted area resident.
Details: $1,000 borrower contribution; education required. (Program site).Military Home Program:
Requirements: Military service documentation required. (Program info).Local Programs:
Omaha
Lincoln
Grand Island
Additional Information:
View First‑Time Home Buyer Programs for: Montana
View First‑Time Home Buyer Programs for: Nevada