About NIFA

A variety of information about NIFA can be found here -  information about the Board of Directors and minutes of their monthly meetings. Contact details for NIFA staff members, financial information, program information, potential employment opportunities and related community and economic development quick links are also available.

NIFA's Mission

Provide Nebraskans a broad range of financial resources for homeownership, rental housing, agriculture, manufacturing, medical and community development endeavors. NIFA also provides technical assistance for activities related to these areas, while preserving and growing the asset base used to provide these resources.

NIFA 2017 Annual Report         NIFA Transparency Site

 

NIFA's History

In order to gain organizational and operating efficiencies the Nebraska Legislature, on August 26, 1983, created the Nebraska Investment Finance Authority ("NIFA") as the successor to the three original entities:

  • The Nebraska Mortgage Finance Fund ("NMFF") was created by the Nebraska Legislature on March 22, 1978 to provide a source of mortgage financing at reduced interest rates to low and moderate income persons in Nebraska for the purchase, construction or rehabilitation of single family residential housing.
  • The Nebraska Agricultural Development Corporation ("NADC") was created by the Nebraska Legislature on August 22, 1982 to provide a source of agricultural financing at reduced interest rates to Nebraska farmers, ranchers and other agricultural enterprises.
  • The Nebraska Development Finance Fund ("NDFF") was created by the Nebraska Legislature on July 17, 1982 to finance and provide technical assistance to manufacturing and industrial enterprises, pollution control facilities and, in blighted areas of the state, for construction or rehabilitation of retail, hotels or motels, and sports and recreation facilities for use by members of the general public.

The board of NIFA is representative of the industry sectors served by the predecessor entities (NMFF, NADC and NDFF).

Current Rates (last changed 10/10/18)

**Program Name

Government Loan Rate

Conventional Loan Rate
Military Home4.250%*Not available
First Home Plus4.500%*4.750%*
First Home Focused4.250%*4.500%*
Homebuyer Assistance (HBA)

5.000%* - 1st loan rate

1.000%* - 2nd loan rate

5.250%* - 1st loan rate

1.000%* - 2nd loan rate

*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice. 

NIFA Offices Closed in Observance of Thanksgiving
Nov 22, 2018
CRANE Meeting
Nov 28, 2018
NIFA Board of Director's Meeting
Dec 14, 2018
NIFA Offices Closed in Observance of Christmas
Dec 25, 2018
CRANE Meeting
Jan 16, 2019