Nebraska FHA Loan Rates, Closing Costs & Stats

Nebraska

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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.

    Nebraska FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Nebraska averaged -0.34% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Nebraska's average FHA mortgage closing costs are $5,904.

    The average rate for the prior week (2023-11-17) was 6.65% and one month ago for the week of 2023-10-20, the average rate was 6.86%.

    The average rate one year ago was 5.89%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.07%.

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

    Nebraska 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 Nebraska level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 500 4.54% $8,076
    CHARTER WEST BANK 349 5.18% $6,939
    First National Bank of Omaha 196 4.81% $6,099
    MORIA DEVELOPMENT, INC. 145 5.21% $8,417
    GERSHMAN INVESTMENT CORP. 135 5.01% $7,139
    Plains Commerce Bank 135 5.06% $7,269
    Regent Financial Group, Inc. 111 5.02% $7,874
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 82 5.31% $8,041
    Pinnacle Bank 81 4.83% $6,336
    CALIBER HOME LOANS, INC. 78 4.85% $7,757
    LOANDEPOT.COM, LLC 75 4.74% $8,728
    CMG MORTGAGE, INC. 75 5.22% $9,415
    Gateway First Bank 72 5.01% $6,140
    Mr. Cooper ( Nationstar Mortgage ) 61 4.57% $10,472
    Prosperity Home Mortgage, LLC 60 5.65% $7,232
    GUILD MORTGAGE COMPANY 58 4.98% $7,352
    FREEDOM MORTGAGE CORPORATION 58 4.85% $7,622
    Lincoln FSB of Nebraska 52 4.86% $6,632
    AMERISAVE MORTGAGE CORPORATION 51 4.64% $10,491
    Mortgage Research Center, LLC 50 5.27% $6,844
    UNITED WHOLESALE MORTGAGE, LLC 50 5.25% $7,803
    Flagstar Bank, FSB 47 5.20% $7,614
    U.S. Bank 47 5.06% $5,685
    Dundee Bank 46 5.05% $7,344
    BROKER SOLUTIONS, INC. 43 4.95% $9,380
    Access Bank 43 5.30% $7,568
    LIBERTY FIRST 43 4.69% $6,281
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 42 5.04% $7,947
    PENNYMAC LOAN SERVICES, LLC 40 4.21% $8,191
    CASTLE & COOKE MORTGAGE, LLC 39 5.13% $8,602
    MUTUAL OF OMAHA MORTGAGE, INC. 35 5.02% $11,731
    AMCAP MORTGAGE, LTD. 34 5.07% $9,120
    First Bank 30 4.70% $8,514
    Union Bank and Trust Company 28 5.02% $6,560
    Citizens Bank 27 4.66% $7,553
    Core Bank 25 4.63% $6,535
    HOME POINT FINANCIAL CORPORATION 24 4.62% $7,479
    First State Bank 24 4.36% $5,575
    LAKEVIEW LOAN SERVICING, LLC 23 4.32% $6,201
    West Gate Bank 22 4.85% $6,181
    GUARANTEED RATE, INC. 22 5.30% $7,978
    NEWREZ LLC 20 4.41% $7,381
    DELMAR FINANCIAL COMPANY 20 5.24% $8,167
    American National Bank 20 4.88% $6,782
    CARDINAL FINANCIAL 20 4.76% $10,660
    Paramount Residential Mortgage Group, Inc. 19 5.36% $7,742
    MOVEMENT MORTGAGE, LLC 16 5.27% $8,713
    Wells Fargo Bank 15 4.94% $6,820
    The Federal Savings Bank 15 4.70% $8,747
    AMERICAN FINANCING CORPORATION 14 4.68% $8,313
    Chickasaw Community Bank 13 5.08% $8,758
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 5.11% $7,881
    Adams Bank & Trust 13 4.75% $5,581
    Bank of the West 13 5.21% $7,291
    Carrington Mortgage Services, LLC 12 5.52% $11,495
    FLAT BRANCH MORTGAGE, INC. 10 5.14% $6,468
    CHURCHILL MORTGAGE CORPORATION 10 4.83% $8,005
    VILLAGE CAPITAL MORTGAGE 9 2.96% $2,533
    EVERETT FINANCIAL, INC. 9 5.03% $6,227
    CROSSCOUNTRY MORTGAGE, LLC 9 5.43% $7,603
    Servion, Inc. 8 4.55% $6,255
    First Interstate Bank 8 5.27% $5,308
    ZILLOW HOME LOANS, LLC 7 5.13% $7,393
    DHI MORTGAGE COMPANY, LTD. 7 3.86% $10,279
    MID AMERICA MORTGAGE, INC. 7 4.82% $5,326
    NFM, INC. 5 6.35% $9,068
    Nations Lending Corporation 5 5.45% $10,983
    POLARIS HOME FUNDING CORP. 5 6.13% $11,540
    Members Mortgage Services, L.L.C. 4 4.03% $5,736
    BETTER MORTGAGE CORPORATION 4 3.75% $8,741
    Barrington Bank & Trust Company, N.A. 4 5.56% $6,196
    CENTENNIAL LENDING, LLC 4 4.81% $5,992
    Peoples Bank 3 5.75% $9,571
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.25% $7,532
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 4.92% $13,584
    FRONTIER FINANCIAL, INC. 3 4.21% $6,279
    Home Federal Savings & Loan Association of Grand Island 3 5.75% $5,973
    IOWA BANKERS MORTGAGE CORPORATION 3 5.08% $6,663
    JPMorgan Chase Bank 3 4.58% $6,527
    Lakeview Community Capital, LLC 3 4.58% $8,227
    NEW DAY FINANCIAL, LLC 3 4.67% $8,841
    PENTAGON FEDERAL CREDIT UNION 3 4.88% $8,713
    United Fidelity Funding Corp. 3 4.21% $9,331
    Wyndham Capital Mortgage, Inc. 3 4.54% $7,957
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.63% $13,669
    DAS Acquisition Company, LLC 2 5.94% $10,348
    PREMIA MORTGAGE, LLC 2 4.06% $9,016
    First Guaranty Mortgage Corporation 2 4.19% $9,192
    TruHome Solutions, LLC 2 4.81% $7,161
    Colonial Savings, F.A. 2 4.44% $9,116
    United Community Bank 2 5.69% $4,575
    CHERRY CREEK MORTGAGE, LLC 2 4.44% $2,883
    Century Mortgage Company DBA Century Lending Company 2 4.38% $12,207
    Central National Bank 2 5.25% $7,678
    PHH Mortgage Corporation 2 4.56% $5,410
    FINANCE OF AMERICA MORTGAGE LLC 2 4.75% $10,181
    NBKC BANK 2 5.31% $7,476
    Wallick & Volk, Inc. 2 5.13% $5,331
    EMBRACE HOME LOANS, INC. 2 4.94% $10,505
    HOMESTAR FINANCIAL CORPORATION 2 5.06% $6,258
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.56% $9,682
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.43% $8,224
    Equity Prime Mortgage LLC 1 4.63% $7,774
    Willamette Valley Bank 1 3.75% $8,033
    ACADEMY MORTGAGE CORPORATION 1 6.88% $5,233
    Equitable Bank 1 3.88% $5,564
    Pinnacle Bank - Wyoming 1 4.25% $5,566
    PNC Bank 1 5.50% $6,172
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.38% $9,278
    Renasant Bank 1 5.13% $10,624
    RESIDENTIAL BANCORP 1 4.49% $8,721
    RUOFF MORTGAGE COMPANY, INC. 1 5.63% $5,429
    BNC National Bank 1 4.75% $7,329
    SOVEREIGN LENDING GROUP INCORPORATED 1 4.49% $13,049
    Strong Home Mortgage, LLC 1 5.88% $5,588
    Sunflower Bank 1 3.49% $8,675
    Blue Ridge Bank 1 3.38% $7,454
    BECKAM FUNDING CORP. 1 3.99% $7,336
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $7,565
    UNITED MORTGAGE CORP 1 5.25% $11,595
    BAY EQUITY LLC 1 5.00% $9,298
    Bank of England 1 5.75% $11,940
    Bank of Colorado 1 4.88% $8,566
    Jonah Bank of Wyoming 1 6.00% $4,414
    AmeriHome Mortgage Company, LLC 1 5.63% $7,729
    LIBERTY HOME MORTGAGE CORPORATION 1 5.75% $10,307
    GUARANTEED RATE AFFINITY, LLC 1 5.13% $7,692
    Low VA Rates, LLC 1 6.63% $10,666
    Flanagan State Bank 1 5.13% $13,385
    First State Bank of St. Charles, Missouri 1 5.63% $11,244
    First PREMIER Bank 1 6.13% $5,695
    First National Bank Texas 1 3.25% $7,612
    First Internet Bank of Indiana 1 4.75% $8,636
    First Home Bank 1 4.25% $12,302
    M&T Bank 1 5.25% $6,824
    FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $6,229
    Neighborhood Loans, Inc. 1 4.25% $5,537
    NETWORK CAPITAL FUNDING CORPORATION 1 7.25% $7,056
    Financial Funding Solutions, Inc. 1 5.63% $8,464
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.88% $4,200
    OPEN MORTGAGE, LLC 1 3.88% $5,701
    Paramount Bank 1 4.88% $8,836
    Fidelity Bank 1 6.00% $8,670

    The top Nebraska FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 500 FHA loans originated. Their average total fees are $8,076, which is $1,137 higher than the next largest lender, CHARTER WEST BANK.

    The lowest fee Nebraska FHA lenders (with over 10 loans originated) are First State Bank ($5,575), Adams Bank & Trust ($5,581), U.S. Bank ($5,685), First National Bank of Omaha ($6,099) and Gateway First Bank ($6,140).

    The lowest rate Nebraska FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (4.21%), LAKEVIEW LOAN SERVICING, LLC (4.32%), First State Bank (4.36%), NEWREZ LLC (4.41%) and QUICKEN LOANS, LLC (4.54%).

    Nebraska FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HASTINGS, NE ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ANTELOPE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ARTHUR 2022 $420,680 $538,650 $651,050 $809,150
    SCOTTSBLUFF, NE BANNER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BLAINE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOONE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOX BUTTE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOYD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BROWN 2022 $420,680 $538,650 $651,050 $809,150
    KEARNEY, NE BUFFALO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BURT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA CASS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CEDAR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHASE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHERRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHEYENNE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CLAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO COLFAX 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CUMING 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CUSTER 2022 $420,680 $538,650 $651,050 $809,150
    SIOUX CITY, IA-NE-SD DAKOTA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DAWES 2022 $420,680 $538,650 $651,050 $809,150
    LEXINGTON, NE DAWSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DEUEL 2022 $420,680 $538,650 $651,050 $809,150
    SIOUX CITY, IA-NE-SD DIXON 2022 $420,680 $538,650 $651,050 $809,150
    FREMONT, NE DODGE 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA DOUGLAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DUNDY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FILLMORE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRONTIER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FURNAS 2022 $420,680 $538,650 $651,050 $809,150
    BEATRICE, NE GAGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GARDEN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    LEXINGTON, NE GOSPER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRANT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GREELEY 2022 $420,680 $538,650 $651,050 $809,150
    GRAND ISLAND, NE HALL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARLAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HAYES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HITCHCOCK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOLT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOOKER 2022 $420,680 $538,650 $651,050 $809,150
    GRAND ISLAND, NE HOWARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
    KEARNEY, NE KEARNEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KEITH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KEYA PAHA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KIMBALL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KNOX 2022 $420,680 $538,650 $651,050 $809,150
    LINCOLN, NE LANCASTER 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PLATTE, NE LINCOLN 2017 $433,550 $555,000 $670,900 $833,750
    NORTH PLATTE, NE LOGAN 2017 $433,550 $555,000 $670,900 $833,750
    NON-METRO LOUP 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PLATTE, NE MCPHERSON 2017 $433,550 $555,000 $670,900 $833,750
    NORFOLK, NE MADISON 2022 $420,680 $538,650 $651,050 $809,150
    GRAND ISLAND, NE MERRICK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MORRILL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NANCE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NEMAHA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NUCKOLLS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO OTOE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PAWNEE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PERKINS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PHELPS 2022 $420,680 $538,650 $651,050 $809,150
    NORFOLK, NE PIERCE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, NE PLATTE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO POLK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RED WILLOW 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RICHARDSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROCK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SALINE 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
    SCOTTSBLUFF, NE SCOTTS BLUFF 2022 $420,680 $538,650 $651,050 $809,150
    LINCOLN, NE SEWARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHERIDAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHERMAN 2022 $420,680 $538,650 $651,050 $809,150
    SCOTTSBLUFF, NE SIOUX 2022 $420,680 $538,650 $651,050 $809,150
    NORFOLK, NE STANTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO THAYER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO THOMAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO THURSTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO VALLEY 2022 $420,680 $538,650 $651,050 $809,150
    OMAHA-COUNCIL BLUFFS, NE-IA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WEBSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WHEELER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO YORK 2022 $420,680 $538,650 $651,050 $809,150
    HASTINGS, NE ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ANTELOPE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ARTHUR 2023 $472,030 $604,400 $730,525 $907,900
    SCOTTSBLUFF, NE BANNER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BLAINE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOONE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOX BUTTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOYD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BROWN 2023 $472,030 $604,400 $730,525 $907,900
    KEARNEY, NE BUFFALO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BURT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA CASS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CEDAR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHASE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHERRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHEYENNE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CLAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO COLFAX 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CUMING 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CUSTER 2023 $472,030 $604,400 $730,525 $907,900
    SIOUX CITY, IA-NE-SD DAKOTA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DAWES 2023 $472,030 $604,400 $730,525 $907,900
    LEXINGTON, NE DAWSON 2023 $603,750 $772,900 $934,250 $1,161,050
    NON-METRO DEUEL 2023 $472,030 $604,400 $730,525 $907,900
    SIOUX CITY, IA-NE-SD DIXON 2023 $472,030 $604,400 $730,525 $907,900
    FREMONT, NE DODGE 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA DOUGLAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DUNDY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FILLMORE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRONTIER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FURNAS 2023 $472,030 $604,400 $730,525 $907,900
    BEATRICE, NE GAGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GARDEN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GARFIELD 2023 $472,030 $604,400 $730,525 $907,900
    LEXINGTON, NE GOSPER 2023 $603,750 $772,900 $934,250 $1,161,050
    NON-METRO GRANT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GREELEY 2023 $472,030 $604,400 $730,525 $907,900
    GRAND ISLAND, NE HALL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARLAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HAYES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HITCHCOCK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOLT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOOKER 2023 $472,030 $604,400 $730,525 $907,900
    GRAND ISLAND, NE HOWARD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
    KEARNEY, NE KEARNEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KEITH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KEYA PAHA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KIMBALL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KNOX 2023 $472,030 $604,400 $730,525 $907,900
    LINCOLN, NE LANCASTER 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PLATTE, NE LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PLATTE, NE LOGAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LOUP 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PLATTE, NE MCPHERSON 2023 $472,030 $604,400 $730,525 $907,900
    NORFOLK, NE MADISON 2023 $472,030 $604,400 $730,525 $907,900
    GRAND ISLAND, NE MERRICK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MORRILL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NANCE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NEMAHA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NUCKOLLS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO OTOE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PAWNEE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PERKINS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PHELPS 2023 $472,030 $604,400 $730,525 $907,900
    NORFOLK, NE PIERCE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, NE PLATTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO POLK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RED WILLOW 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RICHARDSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROCK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SALINE 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
    SCOTTSBLUFF, NE SCOTTS BLUFF 2023 $472,030 $604,400 $730,525 $907,900
    LINCOLN, NE SEWARD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHERIDAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHERMAN 2023 $472,030 $604,400 $730,525 $907,900
    SCOTTSBLUFF, NE SIOUX 2023 $472,030 $604,400 $730,525 $907,900
    NORFOLK, NE STANTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO THAYER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO THOMAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO THURSTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO VALLEY 2023 $472,030 $604,400 $730,525 $907,900
    OMAHA-COUNCIL BLUFFS, NE-IA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WEBSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WHEELER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO YORK 2023 $472,030 $604,400 $730,525 $907,900

    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).