Assistance for Nebraska Homebuyers

Exploring Home Buying Assistance Programs in Nebraska for First-Time Buyers

Are you a first-time home buyer in Nebraska? Discover various programs designed to ease the home-buying process, offering down payment assistance and financial support. These initiatives cater to a range of individuals, including those with low income, residing in rural areas, or having military backgrounds.

1. USDA Direct Loan Program:
As a Nebraska first-time home buyer, you may qualify for the USDA direct loan program. Meeting income and credit requirements is essential, along with residing in a rural area. The USDA direct loan provides 100% financing, often with more accessible credit and income prerequisites than traditional loans.

2. Nebraska Investment Finance Authority (NIFA):
Nebraska Investment Finance Authority (NIFA) can assist first-time home buyers in Nebraska by providing financing solutions and funds for down payments and closing costs. Eligibility is determined by income levels and adherence to program guidelines.

3. USDA Guaranteed Loan:
If the USDA direct loan is not feasible, explore the USDA guaranteed loan, which also requires meeting rural living, income, and credit criteria. This option might offer more favorable terms and updated choices compared to traditional loans.

4. FHA Loan for First-Time Buyers:
Nebraska first-time home buyers can explore the Federal Housing Administration (FHA) loan, designed exclusively for them. With down payment requirements as low as 3%, this program allows alternative financing for down payment and closing cost assistance.

5. Habitat for Humanity:
Individuals in need of safe and affordable housing may find support through Habitat for Humanity. While the down payment is not as substantial as traditional loans, prospective homeowners are expected to contribute sweat equity to demonstrate commitment.

6. Ponca Housing for Native Americans:
Native Americans in North Eastern Nebraska can seek assistance from Ponca Housing. This program aids in finding a home, securing financing, and offering down payment assistance, provided individuals meet specific Native American eligibility requirements.

7. VA-Backed Loans for Military Personnel:
Military personnel and those eligible for VA benefits may benefit from VA-backed loans. These loans offer housing solutions with less stringent credit and income requirements. Disabled veterans might also access grants for down payments.

8. County-Specific Programs in Nebraska:

• Adams County:
• The Hastings Economic Development division provides funding assistance for Nebraska first-time home buyers, subject to program requirements.
• Burt County:
• Tekamah offers programs, including HOME partnership investments and down payment assistance, to aid first-time home buyers.
• Dakota County:
• Sioux City‘s neighborhood revitalization efforts offer affordable housing options and potential down payment and closing cost assistance.
• Dixon County:
• Allen residents can benefit from options and benefits to streamline the home-buying process, including finding suitable houses and financing.
• Douglas County:
• Omaha residents may find support through city programs, offering loans and down payment assistance to eligible low-income home buyers.
• Lancaster County:
• Lincoln residents can explore assistance programs through the urban development department, facilitating the home-buying process for those with low income and limited options.
• Lincoln County:
• North Platte provides options to ease the home-buying journey, assisting with finding homes, securing financing, and obtaining down payment support.
• Madison County:
• Norfolk offers home buyer assistance programs to Nebraska first-time home buyers, contingent on meeting the city’s eligibility criteria.

Explore these diverse avenues to make your dream of homeownership a reality in Nebraska.