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Programs & Eligibility

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home2.125%*N/A
First Home Targeted2.125%*2.500%*
First Home2.375%*2.750%*
Homebuyer Assistance (HBA)2.875%* - 1st loan
1.000%* - 2nd loan
3.250%* - 1st loan
1.000%* - 2nd loan

Last changed 9/17/21 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. 

Programs

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

Eligibility

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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