New Nebraska Programs That Make Homeownership Affordable

NIFA’s program offers lower rates and support for Nebraska home-buyers.

Dreaming of owning a home in Nebraska but worried about whether you can afford it? We have good news! The Nebraska Investment Finance Authority (NIFA) offers an incredible program that could make your dream a reality. Whether you’re in an urban area or working on a ranch, NIFA’s program provides essential benefits designed to ease the financial burden of buying your first home:

1. Below Market Interest Rates. One of the most compelling benefits of the NIFA program is the access to below-market interest rates. If you qualify, you could secure a mortgage rate about a quarter percent lower than the average for your area. This means more money in your pocket every month. Imagine saving $50 to $100 on your mortgage payment each month just because you used NIFA’s program. That’s money that can go toward other important expenses or simply give you a little more breathing room in your budget.

2. Down Payment Assistance. For many first-time buyers, the biggest hurdle is coming up with a down payment. NIFA’s program offers up to 5% of the home’s purchase price to cover your down payment and closing costs. Depending on your loan type, this could mean you don’t have to pay anything out of pocket for your down payment. This assistance can be the difference between continuing to rent and finally stepping into homeownership.

“NIFA’s program provides essential benefits designed to ease the financial burden of buying your first home.”

3. Lower Principal Mortgage Insurance. If you’ve been exploring mortgage options, you might know that PMI is an additional cost tacked onto your mortgage if you don’t put down 20% upfront. With NIFA’s program, you’ll enjoy a reduced PMI rate, saving you even more each month. These savings make homeownership more attainable and affordable.

4. Comprehensive Homebuyer Education. NIFA doesn’t just help you buy a home—they also teach you how to maintain it. The program includes valuable education on everything from qualifying for a loan to taking care of your new home. This education ensures that you’re well-prepared to enjoy and protect your investment.

If you live in Nebraska and you want to become a homeowner, this is your opportunity to seize the future you’ve been dreaming of. You can call us at (402) 278-1096 if you need help in securing your dream home today.