Omaha FHA Loan Rates, Closing Costs & Stats

OMAHA-COUNCIL BLUFFS, NE-IA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Omaha's 108 lenders originated 2,189 FHA loans during 2024. The total origination value was $550,915,000, with an average FHA loan value of $251,674.

    Omaha FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Omaha averaged 6.54% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Omaha's average FHA mortgage closing costs are $6,729.

    The average rate for the prior week (2025-07-04) was 6.78% and one month ago for the week of 2025-06-06, the average rate was 6.91%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.36%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Omaha FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Omaha level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CHARTER WEST BANK 229 6.33% $8,232
    QUICKEN LOANS, LLC 169 6.33% $11,098
    First National Bank of Omaha 102 6.35% $7,414
    UNITED WHOLESALE MORTGAGE, LLC 74 6.33% $10,456
    GUILD MORTGAGE COMPANY 73 6.52% $8,103
    DHI MORTGAGE COMPANY, LTD. 72 5.23% $14,512
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 67 6.55% $7,560
    PENNYMAC LOAN SERVICES, LLC 60 6.26% $10,254
    Access Bank 57 6.38% $8,443
    Core Bank 56 6.18% $7,218
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.54% $9,207
    Mortgage Research Center, LLC 49 6.22% $7,471
    Regent Financial Group, Inc. 46 6.51% $8,747
    CROSSCOUNTRY MORTGAGE, LLC 43 6.67% $10,207
    MORIA DEVELOPMENT, INC. 43 6.52% $8,853
    CMG MORTGAGE, INC. 42 6.71% $10,698
    FREEDOM MORTGAGE CORPORATION 42 6.55% $11,323
    CHURCHILL MORTGAGE CORPORATION 41 6.58% $10,937
    MUTUAL OF OMAHA MORTGAGE, INC. 40 6.40% $14,800
    GUARANTEED RATE, INC. 37 6.59% $8,949
    Prosperity Home Mortgage, LLC 35 6.12% $6,718
    Plains Commerce Bank 35 6.44% $9,260
    GERSHMAN INVESTMENT CORP. 29 6.48% $8,090
    BROKER SOLUTIONS, INC. 26 6.66% $11,807
    U.S. Bank 23 6.15% $6,846
    LOANDEPOT.COM, LLC 23 6.38% $10,591
    American Mortgage & Equity Consultants, Inc. 22 6.78% $9,996
    American National Bank 22 6.58% $7,891
    NEWREZ LLC 22 6.50% $8,429
    CASTLE & COOKE MORTGAGE, LLC 20 6.52% $9,908
    Dundee Bank 18 6.31% $10,091
    CARDINAL FINANCIAL 18 6.99% $12,361
    First Bank 16 6.34% $9,214
    FLAT BRANCH MORTGAGE, INC. 16 6.57% $8,570
    Flagstar Bank, FSB 15 6.32% $8,462
    Arbor Bank 15 6.35% $7,867
    Pinnacle Bank 14 5.98% $8,185
    Lincoln FSB of Nebraska 12 6.21% $7,697
    Carrington Mortgage Services, LLC 12 6.76% $11,278
    Flanagan State Bank 12 6.53% $8,514
    TruHome Solutions, LLC 11 6.44% $7,362
    Mr. Cooper ( Nationstar Mortgage ) 10 6.55% $14,770
    Union Bank and Trust Company 10 6.13% $8,273
    Gateway First Bank 9 6.61% $9,226
    LAKEVIEW LOAN SERVICING, LLC 8 6.30% $9,123
    Equity Prime Mortgage LLC 8 6.98% $10,012
    Servion, Inc. 7 6.13% $7,084
    West Gate Bank 7 5.71% $7,413
    MID AMERICA MORTGAGE, INC. 6 6.90% $6,190
    UNION HOME MORTGAGE CORP. 6 6.29% $13,391
    DELMAR FINANCIAL COMPANY 6 6.56% $9,171
    LIBERTY FIRST 6 6.48% $7,831
    V.I.P. MORTGAGE, INC. 5 6.00% $8,175
    TOWNE MORTGAGE COMPANY 5 6.58% $10,286
    Cobalt Credit Union 5 5.98% $76
    Wells Fargo Bank 5 6.43% $9,467
    PLANET HOME LENDING, LLC 4 6.38% $5,420
    ZILLOW HOME LOANS, LLC 4 6.31% $9,321
    Paramount Residential Mortgage Group, Inc. 4 6.50% $8,549
    AMERICAN FINANCING CORPORATION 4 5.69% $14,569
    MOVEMENT MORTGAGE, LLC 4 7.03% $8,807
    AMERISAVE MORTGAGE CORPORATION 4 6.03% $11,247
    FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $9,131
    SUN WEST MORTGAGE COMPANY, INC. 3 7.08% $8,929
    BELEM SERVICING LLC 3 6.33% $8,090
    Century Mortgage Company DBA Century Lending Company 3 6.17% $8,894
    Citizens Bank 3 6.33% $8,674
    EVERETT FINANCIAL, INC. 3 6.96% $14,727
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.88% $15,410
    PENTAGON FEDERAL CREDIT UNION 3 6.13% $9,386
    VILLAGE CAPITAL MORTGAGE 3 6.29% $4,672
    Financial Funding Solutions, Inc. 2 6.88% $7,359
    NEW DAY FINANCIAL, LLC 2 7.44% $5,001
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $6,959
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $5,135
    IOWA BANKERS MORTGAGE CORPORATION 2 6.56% $3,806
    Barrington Bank & Trust Company, N.A. 2 7.25% $5,737
    AmeriHome Mortgage Company, LLC 2 6.13% $8,391
    First Interstate Bank 2 6.00% $5,807
    HOMESIDE FINANCIAL, LLC 2 6.38% $11,140
    HOMESERVICES LENDING, LLC 1 6.25% $8,756
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.13% $7,339
    PLAZA HOME MORTGAGE, INC. 1 4.88% $10,754
    PREMIA MORTGAGE, LLC 1 6.58% $5,646
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $3,318
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $8,162
    STOCKTON MORTGAGE CORPORATION 1 5.75% $9,079
    Academy Bank 1 5.75% $8,380
    The Federal Savings Bank 1 6.25% $14,877
    ENDEAVOR CAPITAL, LLC. 1 6.75% $8,068
    EMBRACE HOME LOANS, INC. 1 5.99% $12,056
    COMPASS MORTGAGE, INC. 1 6.13% $9,212
    Central National Bank 1 6.50% $4,249
    CENTENNIAL LENDING, LLC 1 6.25% $14,234
    BETTER MORTGAGE CORPORATION 1 5.13% $4,484
    US MORTGAGE CORPORATION 1 8.25% $12,420
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,228
    M&T Bank 1 6.75% $9,839
    NBKC BANK 1 6.00% $8,692
    MY MORTGAGE, INC. 1 7.00% $8,686
    Members Mortgage Services, L.L.C. 1 5.63% $6,538
    NEXERA HOLDING LLC 1 5.75% $6,912
    Northpointe Bank 1 5.75% $8,586
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $7,050
    OPEN MORTGAGE, LLC 1 6.25% $14,891
    Magnolia Bank 1 6.25% $12,059
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $10,869
    PHH Mortgage Corporation 1 5.88% $9,193

    The top Omaha FHA lender as defined by loan originations is CHARTER WEST BANK, with 229 FHA loans originated. Their average total fees are $8,232, which is $2,866 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Omaha FHA lenders (with over 10 loans originated) are Prosperity Home Mortgage, LLC ($6,718), U.S. Bank ($6,846), Core Bank ($7,218), TruHome Solutions, LLC ($7,362) and First National Bank of Omaha ($7,414).

    The lowest rate Omaha FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.23%), Pinnacle Bank (5.98%), Prosperity Home Mortgage, LLC (6.12%), Union Bank and Trust Company (6.13%) and U.S. Bank (6.15%).

    Omaha FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    OMAHA-COUNCIL BLUFFS, NE-IA HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA MILLS 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA POTTAWATTAMIE 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA CASS 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA DOUGLAS 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA SARPY 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA SAUNDERS 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA MILLS 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA POTTAWATTAMIE 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA CASS 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA DOUGLAS 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA SARPY 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA SAUNDERS 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $268,225 (13.3%) $321,358 (12.5%) 0.99 2,014
    2018-02-01 $282,300 (10.9%) $333,461 (12.0%) 1.02 1,844
    2018-03-01 $288,000 (6.8%) $341,555 (11.6%) 1.01 1,894
    2018-04-01 $296,731 (7.9%) $360,461 (15.1%) 1.01 1,972
    2018-05-01 $293,313 (6.7%) $341,602 (6.3%) 0.98 2,099
    2018-06-01 $290,000 (6.5%) $345,813 (8.2%) 0.97 2,349
    2018-07-01 $287,900 (6.7%) $342,710 (7.5%) 0.96 2,510
    2018-08-01 $288,450 (9.5%) $338,516 (8.2%) 0.97 2,620
    2018-09-01 $279,900 (6.7%) $330,832 (6.0%) 0.94 2,782
    2018-10-01 $269,950 (3.9%) $323,471 (3.3%) 0.91 2,851
    2018-11-01 $269,150 (0.8%) $321,684 (0.5%) 0.91 2,778
    2018-12-01 $279,900 (5.6%) $328,080 (2.8%) 0.97 2,416
    2019-01-01 $285,000 (6.3%) $327,819 (2.0%) 0.98 2,143
    2019-02-01 $290,163 (2.8%) $333,690 (0.1%) 0.98 2,008
    2019-03-01 $303,157 (5.3%) $344,152 (0.8%) 0.99 1,938
    2019-04-01 $311,850 (5.1%) $349,640 (-3.0%) 0.99 1,934
    2019-05-01 $306,359 (4.5%) $351,253 (2.8%) 0.96 2,098
    2019-06-01 $299,000 (3.1%) $350,064 (1.2%) 0.93 2,259
    2019-07-01 $299,925 (4.2%) $353,546 (3.2%) 0.94 2,350
    2019-08-01 $298,155 (3.4%) $350,284 (3.5%) 0.94 2,443
    2019-09-01 $287,886 (2.9%) $339,241 (2.5%) 0.92 2,589
    2019-10-01 $279,950 (3.7%) $331,347 (2.4%) 0.90 2,672
    2019-11-01 $281,400 (4.6%) $331,683 (3.1%) 0.92 2,481
    2019-12-01 $283,250 (1.2%) $331,310 (1.0%) 0.94 2,175
    2020-01-01 $291,400 (2.3%) $340,449 (3.9%) 0.97 1,915
    2020-02-01 $305,000 (5.1%) $349,526 (4.8%) 1.00 1,802
    2020-03-01 $305,000 (0.6%) $355,773 (3.4%) 0.96 1,869
    2020-04-01 $306,250 (-1.8%) $354,846 (1.5%) 0.96 1,960
    2020-05-01 $315,000 (2.8%) $363,691 (3.5%) 0.96 1,894
    2020-06-01 $319,950 (7.0%) $369,718 (5.6%) 0.94 1,697
    2020-07-01 $319,600 (6.6%) $367,825 (4.0%) 0.93 1,622
    2020-08-01 $314,060 (5.3%) $367,129 (4.8%) 0.90 1,491
    2020-09-01 $308,500 (7.2%) $368,515 (8.6%) 0.88 1,482
    2020-10-01 $294,975 (5.4%) $362,051 (9.3%) 0.85 1,429
    2020-11-01 $288,750 (2.6%) $355,849 (7.3%) 0.84 1,342
    2020-12-01 $290,036 (2.4%) $357,124 (7.8%) 0.86 1,221
    2021-01-01 $315,000 (8.1%) $370,757 (8.9%) 0.94 1,009
    2021-02-01 $322,788 (5.8%) $386,675 (10.6%) 0.94 817
    2021-03-01 $322,075 (5.6%) $384,290 (8.0%) 0.91 840
    2021-04-01 $314,500 (2.7%) $386,328 (8.9%) 0.85 869
    2021-05-01 $305,000 (-3.2%) $391,828 (7.7%) 0.81 922
    2021-06-01 $297,975 (-6.9%) $382,130 (3.4%) 0.78 1,008
    2021-07-01 $289,900 (-9.3%) $371,666 (1.0%) 0.76 1,160
    2021-08-01 $289,900 (-7.7%) $370,023 (0.8%) 0.77 1,184
    2021-09-01 $292,316 (-5.3%) $363,857 (-1.3%) 0.78 1,230
    2021-10-01 $285,000 (-3.4%) $364,831 (0.8%) 0.76 1,229
    2021-11-01 $291,750 (1.0%) $365,592 (2.7%) 0.78 1,116
    2021-12-01 $302,500 (4.3%) $373,742 (4.7%) 0.82 886
    2022-01-01 $375,000 (19.1%) $414,472 (11.8%) 1.01 668
    2022-02-01 $392,050 (21.5%) $427,119 (10.5%) 1.02 614
    2022-03-01 $384,838 (19.5%) $424,718 (10.5%) 0.96 650
    2022-04-01 $375,000 (19.2%) $426,516 (10.4%) 0.89 718
    2022-05-01 $377,741 (23.9%) $435,088 (11.0%) 0.86 917
    2022-06-01 $379,995 (27.5%) $437,113 (14.4%) 0.85 1,098
    2022-07-01 $380,000 (31.1%) $440,422 (18.5%) 0.86 1,318
    2022-08-01 $379,950 (31.1%) $434,309 (17.4%) 0.88 1,549
    2022-09-01 $378,150 (29.4%) $433,609 (19.2%) 0.88 1,571
    2022-10-01 $389,000 (36.5%) $434,950 (19.2%) 0.92 1,743
    2022-11-01 $389,725 (33.6%) $428,454 (17.2%) 0.94 1,794
    2022-12-01 $399,000 (31.9%) $435,939 (16.6%) 0.99 1,591
    2023-01-01 $411,038 (9.6%) $447,341 (7.9%) 1.02 1,458
    2023-02-01 $428,250 (9.2%) $470,280 (10.1%) 1.03 1,309
    2023-03-01 $438,000 (13.8%) $482,056 (13.5%) 1.03 1,331
    2023-04-01 $435,000 (16.0%) $488,612 (14.6%) 1.01 1,339
    2023-05-01 $429,588 (13.7%) $492,283 (13.2%) 0.97 1,416
    2023-06-01 $420,000 (10.5%) $490,155 (12.1%) 0.94 1,545
    2023-07-01 $400,000 (5.3%) $477,529 (8.4%) 0.91 1,667
    2023-08-01 $399,823 (5.2%) $477,225 (9.9%) 0.92 1,681
    2023-09-01 $394,000 (4.2%) $463,966 (7.0%) 0.92 1,845
    2023-10-01 $389,450 (0.1%) $456,319 (4.9%) 0.92 1,998
    2023-11-01 $385,700 (-1.0%) $446,882 (4.3%) 0.92 2,106
    2023-12-01 $389,000 (-2.5%) $447,627 (2.7%) 0.95 2,010
    2024-01-01 $391,103 (-4.9%) $449,946 (0.6%) 0.96 1,777
    2024-02-01 $399,000 (-6.8%) $462,818 (-1.6%) 0.96 1,699
    2024-03-01 $402,418 (-8.1%) $473,349 (-1.8%) 0.95 1,772
    2024-04-01 $408,276 (-6.1%) $481,422 (-1.5%) 0.95 1,845
    2024-05-01 $411,200 (-4.3%) $493,105 (0.2%) 0.94 1,902
    2024-06-01 $400,000 (-4.8%) $479,819 (-2.1%) 0.91 2,060
    2024-07-01 $399,000 (-0.3%) $475,077 (-0.5%) 0.91 2,228
    2024-08-01 $399,305 (-0.1%) $475,759 (-0.3%) 0.93 2,253
    2024-09-01 $390,173 (-1.0%) $460,033 (-0.9%) 0.92 2,332
    2024-10-01 $385,000 (-1.1%) $456,257 (0.0%) 0.91 2,446
    2024-11-01 $379,250 (-1.7%) $450,096 (0.7%) 0.91 2,478
    2024-12-01 $377,050 (-3.1%) $445,169 (-0.6%) 0.94 2,210
    2025-01-01 $385,100 (-1.5%) $447,999 (-0.4%) 0.96 2,060
    2025-02-01 $392,450 (-1.6%) $454,222 (-1.9%) 0.95 2,009
    2025-03-01 $399,000 (-0.9%) $467,256 (-1.3%) 0.94 1,936
    2025-04-01 $402,900 (-1.3%) $482,051 (0.1%) 0.93 2,052
    2025-05-01 $409,131 (-0.5%) $487,045 (-1.2%) 0.93 2,205
    2025-06-01 $400,000 (0.0%) $484,346 (0.9%) 0.91 2,451
    Omaha's median listing price for 2025-06-01 was $400,000, a difference of $0 (0.0%) versus the prior year and $-9,131 versus the prior month.

    Omaha's median listing price comes in at 91% of the national average.

    Omaha's average listing price for 2025-06-01 was $484,346, a difference of $4,527 (0.9%) versus the prior year and $-2,699 versus the prior month.

    For the 2025-06-01 period, Omaha had 2,451 MLS listings, a difference of 246 listings (11%) versus the prior month and 391 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 61 days 2,079 sqft
    2018-02-01 54 days 2,169 sqft
    2018-03-01 43 days 2,284 sqft
    2018-04-01 37 days 2,349 sqft
    2018-05-01 36 days 2,318 sqft
    2018-06-01 25 days 2,338 sqft
    2018-07-01 30 days 2,303 sqft
    2018-08-01 32 days 2,315 sqft
    2018-09-01 37 days 2,282 sqft
    2018-10-01 38 days 2,197 sqft
    2018-11-01 43 days 2,153 sqft
    2018-12-01 54 days 2,135 sqft
    2019-01-01 56 days 2,133 sqft
    2019-02-01 46 days 2,197 sqft
    2019-03-01 41 days 2,302 sqft
    2019-04-01 29 days 2,366 sqft
    2019-05-01 27 days 2,365 sqft
    2019-06-01 30 days 2,310 sqft
    2019-07-01 33 days 2,357 sqft
    2019-08-01 34 days 2,329 sqft
    2019-09-01 34 days 2,251 sqft
    2019-10-01 36 days 2,183 sqft
    2019-11-01 47 days 2,153 sqft
    2019-12-01 60 days 2,129 sqft
    2020-01-01 62 days 2,153 sqft
    2020-02-01 48 days 2,194 sqft
    2020-03-01 43 days 2,223 sqft
    2020-04-01 42 days 2,279 sqft
    2020-05-01 47 days 2,325 sqft
    2020-06-01 48 days 2,302 sqft
    2020-07-01 50 days 2,301 sqft
    2020-08-01 46 days 2,236 sqft
    2020-09-01 43 days 2,210 sqft
    2020-10-01 45 days 2,097 sqft
    2020-11-01 48 days 2,004 sqft
    2020-12-01 51 days 1,997 sqft
    2021-01-01 53 days 1,975 sqft
    2021-02-01 52 days 2,094 sqft
    2021-03-01 42 days 2,135 sqft
    2021-04-01 34 days 2,135 sqft
    2021-05-01 33 days 2,154 sqft
    2021-06-01 33 days 2,118 sqft
    2021-07-01 33 days 2,038 sqft
    2021-08-01 33 days 2,037 sqft
    2021-09-01 36 days 1,956 sqft
    2021-10-01 37 days 1,963 sqft
    2021-11-01 42 days 1,922 sqft
    2021-12-01 49 days 1,930 sqft
    2022-01-01 47 days 2,079 sqft
    2022-02-01 35 days 2,181 sqft
    2022-03-01 32 days 2,149 sqft
    2022-04-01 29 days 2,160 sqft
    2022-05-01 29 days 2,205 sqft
    2022-06-01 30 days 2,259 sqft
    2022-07-01 31 days 2,286 sqft
    2022-08-01 32 days 2,171 sqft
    2022-09-01 42 days 2,137 sqft
    2022-10-01 39 days 2,200 sqft
    2022-11-01 44 days 2,163 sqft
    2022-12-01 57 days 2,166 sqft
    2023-01-01 67 days 2,199 sqft
    2023-02-01 53 days 2,246 sqft
    2023-03-01 50 days 2,283 sqft
    2023-04-01 49 days 2,302 sqft
    2023-05-01 44 days 2,279 sqft
    2023-06-01 42 days 2,298 sqft
    2023-07-01 38 days 2,224 sqft
    2023-08-01 37 days 2,238 sqft
    2023-09-01 36 days 2,201 sqft
    2023-10-01 37 days 2,190 sqft
    2023-11-01 39 days 2,193 sqft
    2023-12-01 45 days 2,198 sqft
    2024-01-01 55 days 2,196 sqft
    2024-02-01 49 days 2,196 sqft
    2024-03-01 39 days 2,169 sqft
    2024-04-01 40 days 2,205 sqft
    2024-05-01 37 days 2,230 sqft
    2024-06-01 38 days 2,216 sqft
    2024-07-01 38 days 2,211 sqft
    2024-08-01 43 days 2,236 sqft
    2024-09-01 44 days 2,191 sqft
    2024-10-01 42 days 2,184 sqft
    2024-11-01 47 days 2,140 sqft
    2024-12-01 58 days 2,101 sqft
    2025-01-01 56 days 2,128 sqft
    2025-02-01 45 days 2,158 sqft
    2025-03-01 50 days 2,201 sqft
    2025-04-01 39 days 2,245 sqft
    2025-05-01 38 days 2,304 sqft
    2025-06-01 37 days 2,286 sqft
    Omaha's median listing age (time on market) for 2025-06-01 was 37 days. This is -3% shorter than the same period one year ago.

    Omaha's median square footage for active listings during the 2025-06-01 period was 2,286 sqft. One year prior, the average listing was 2,216 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).