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Programs & Eligibility

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military HomeN/A5.250%*
First Home Targeted5.875%*5.250%*
First Home6.125%*5.500%*
6.375%* - 1st loan
1.000%* - 2nd loan
5.750%* - 1st loan
1.000%* - 2nd loan
6.625%*6.000%*
6.875%* - 1st loan
1.000%* - 2nd loan
6.250%* - 1st loan
1.000%* - 2nd loan

Last changed 12/5/22 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. 

++An origination fee up to 0.50% of the loan amount may be charged by Lender.

Programs

At NIFA, we help Nebraskans purchase their own home. To do this, we offer a variety of NIFA loan programs.

First Home Program Eligibility

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First Home 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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First-Time homebuyer education