Nebraska Home Buyer
1% Down Payment Assistance Program
About Nebraska’s Home Buyer Solution Gift Program
- The Nebraska’s Home Buyer Solution Gift Program can provide up to 2.5% of down payment and closing costs on a FHA first mortgage.
- The buyer’s cost could be as low as 1%.
- The program uses FHA fixed 30 year mortgages.
- Money received from the gift program does not have to be repaid.
- Competitive interest rates.
- Loan guidelines are flexible.
- Not limited to first-time home buyers.
- The seller is encouraged to contribute up to 3% towards closing costs and other prepaid items.
- The program is not limited to foreclosures or vacant properties.
- Properties can be multi-family (1 to 4 families).
- Homes must be HUD approved and owner occupied.
- Income limits may apply. Check with your loan officer.
- No prepayment penalties.
- Minimum credit score of 640 is required.
- The gift program requires home buyer education.
For more information on the Nebraska’s Home Buyer Solution Gift Program, please fill out the form below: