First Home Grant Program - Update #20-26

09/10/2020

Program Update #20-26 dated 9/10/20

NIFA is pleased to announce the First Home Grant Program ("FHGP") to provide first mortgage financing and grant funds for down payment and/or closing cost assistance to eligible borrowers in Nebraska.  There is a limited amount of funding and the funds will be allocated on a first-come, first-serve basis.  The maximum household income cannot exceed 50% of the Area Median Income ("AMI").  The income limits for the FHGP are set forth in Appendix I.

An updated Information Sheet including rates, household income limits, purchase price limits, credit underwriting overlays and homebuyer education requirements is available here.