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Homebuyer Programs & Eligibility

Current rates

Loan Rate
Loan Rate
Military Home4.750%*N/A
First Home Targeted4.750%*5.250%*
First Home5.000%*5.500%*
Homebuyer Assistance (HBA)5.500%* - 1st loan
1.000%* - 2nd loan
6.000%* - 1st loan
1.000%* - 2nd loan

Last changed 06/24/22 at 9:00 a.m
*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. 

Homebuyer Programs & Eligibility

Home is where your story begins and NIFA is here to help! Our mission is to grow Nebraska communities through affordable housing and agribusiness. By using a NIFA loan, you are re-investing in Nebraska communities and helping us to enhance the good life across the state. If you’re purchasing your first home or qualify under the other eligibility criteria below, we have a home loan program for you.  



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First-Time homebuyer

Individuals who haven’t owned and occupied a primary residence within the past three years, are considered a first-time homebuyer. Even if a home was owned years ago, but has been occupied by renters for three or more years, to us that's still considered a first-time homebuyer.

Potential buyers do not need to be a first-time homebuyer if:

  • They are a qualified veteran who has been discharged from the service under conditions other than dishonorable OR
  • They're purchasing a home located in a target area within one of these counties: Adams, Douglas, Jefferson, Lancaster, or Scotts Bluff. Use our Geocoding/Mapping System to help identify whether or not a specific home is in a target area.

Note: There are some situations when NIFA may grant an exception to the first-time homebuyer requirement. If one of these situations apply, a Participating Lender will submit documentation to our office for review during the loan application process:

  1. If home is lost by divorce and individual received no sale proceeds
  2. If home is lost by a natural disaster
  3. If home is lost by a forced job relocation

NIFA is committed to helping homebuyers get into their new home with a great, low interest loan, and minimal hassle.

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Household income limits

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Maximum purchase price limits

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Credit underwriting guidelines

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Pre-purchase homebuyer education

You can call NIFA's toll-free number at 800-204-6432 to speak with one of our Homeownership Team Specialists (Monday-Friday 8 a.m. to 5 p.m. CT) or contact us by email.

Am I Eligible for a NIFA Loan?

Fill out the form below and find out today. 

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