First Home Grant Program - Update #20-26

First Home Grant Program - Update #20-26

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 5.875%* 5.375%*
First Home 6.125%* 5.625%*
Homebuyer Assistance (HBA) 6.375%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.875%* 6.375%*
Welcome Home Assistance (WHA)++ 7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 03/25/2024 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.

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First Home Grant Program - Update #20-26

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.