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 6.47% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Nebraska's average FHA mortgage closing costs are $6,577.

    The average rate for the prior week (2025-03-28) was 6.47% and one month ago for the week of 2025-02-28, the average rate was 6.45%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.93%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CHARTER WEST BANK 470 6.29% $7,642
    QUICKEN LOANS, LLC 395 6.40% $9,728
    First National Bank of Omaha 157 6.34% $7,119
    GERSHMAN INVESTMENT CORP. 121 6.46% $7,862
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 118 6.37% $8,279
    MORIA DEVELOPMENT, INC. 116 6.59% $9,132
    Pinnacle Bank 107 6.13% $7,286
    UNITED WHOLESALE MORTGAGE, LLC 104 6.36% $10,418
    Lincoln FSB of Nebraska 92 6.01% $7,048
    Plains Commerce Bank 92 6.62% $8,135
    FREEDOM MORTGAGE CORPORATION 89 6.54% $10,939
    PENNYMAC LOAN SERVICES, LLC 86 6.17% $9,775
    DHI MORTGAGE COMPANY, LTD. 76 5.23% $14,241
    GUILD MORTGAGE COMPANY 68 6.44% $8,416
    Prosperity Home Mortgage, LLC 66 6.19% $6,874
    CMG MORTGAGE, INC. 65 6.62% $9,727
    Mortgage Research Center, LLC 62 6.32% $7,442
    Access Bank 60 6.33% $8,366
    Regent Financial Group, Inc. 59 6.36% $8,427
    Core Bank 59 6.20% $7,196
    MUTUAL OF OMAHA MORTGAGE, INC. 58 6.48% $14,234
    CROSSCOUNTRY MORTGAGE, LLC 57 6.55% $10,283
    GUARANTEED RATE, INC. 56 6.64% $8,853
    CHURCHILL MORTGAGE CORPORATION 54 6.62% $10,844
    BROKER SOLUTIONS, INC. 47 6.86% $11,091
    NEWREZ LLC 46 6.33% $8,245
    LOANDEPOT.COM, LLC 46 6.50% $10,046
    Union Bank and Trust Company 44 6.26% $7,675
    CASTLE & COOKE MORTGAGE, LLC 39 6.59% $9,229
    U.S. Bank 39 6.15% $6,816
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 6.34% $8,207
    West Gate Bank 33 6.01% $6,617
    First Bank 32 6.24% $9,073
    Paramount Residential Mortgage Group, Inc. 31 6.44% $10,027
    DELMAR FINANCIAL COMPANY 30 6.29% $7,028
    LIBERTY FIRST 30 6.22% $7,148
    Flagstar Bank, FSB 25 6.43% $7,226
    Mr. Cooper ( Nationstar Mortgage ) 21 6.40% $13,757
    Dundee Bank 18 6.31% $10,091
    American National Bank 18 6.33% $8,371
    AMERISAVE MORTGAGE CORPORATION 18 6.38% $11,630
    Gateway First Bank 17 6.68% $8,991
    Arbor Bank 16 6.27% $7,862
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.45% $7,826
    Carrington Mortgage Services, LLC 15 6.82% $11,445
    MID AMERICA MORTGAGE, INC. 14 6.43% $4,918
    TruHome Solutions, LLC 13 6.45% $7,463
    Equity Prime Mortgage LLC 12 6.99% $9,837
    CARDINAL FINANCIAL 12 6.88% $12,033
    American Mortgage & Equity Consultants, Inc. 11 6.68% $11,710
    VILLAGE CAPITAL MORTGAGE 10 6.56% $4,110
    AMERICAN FINANCING CORPORATION 10 5.99% $11,850
    Servion, Inc. 10 6.23% $6,945
    First State Bank 9 6.46% $6,344
    V.I.P. MORTGAGE, INC. 9 6.18% $9,339
    Wells Fargo Bank 8 6.19% $9,976
    Adams Bank & Trust 8 6.47% $6,872
    Barrington Bank & Trust Company, N.A. 8 6.61% $7,694
    FLAT BRANCH MORTGAGE, INC. 8 6.23% $7,878
    HOMESIDE FINANCIAL, LLC 8 6.42% $12,082
    LAKEVIEW LOAN SERVICING, LLC 8 6.50% $8,810
    Members Mortgage Services, L.L.C. 8 6.22% $5,775
    ZILLOW HOME LOANS, LLC 8 6.48% $10,039
    AmeriHome Mortgage Company, LLC 7 6.54% $6,146
    The Federal Savings Bank 7 6.66% $14,228
    UNION HOME MORTGAGE CORP. 7 6.36% $13,976
    FIRST COMMUNITY MORTGAGE, INC. 6 6.79% $7,872
    AMERICAN FINANCIAL NETWORK, INC. 6 7.38% $9,119
    EVERETT FINANCIAL, INC. 5 7.05% $12,292
    TOWNE MORTGAGE COMPANY 5 6.58% $10,286
    MOVEMENT MORTGAGE, LLC 5 6.83% $9,817
    Cobalt Credit Union 5 5.98% $76
    Wallick & Volk, Inc. 4 7.22% $4,286
    Century Mortgage Company DBA Century Lending Company 4 6.31% $9,905
    PLAZA HOME MORTGAGE, INC. 4 6.41% $7,726
    NBKC BANK 4 6.41% $6,839
    BETTER MORTGAGE CORPORATION 3 6.00% $10,226
    Central Bank 3 6.21% $8,812
    Citizens Bank 3 6.46% $8,760
    Financial Funding Solutions, Inc. 3 6.66% $7,642
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.88% $15,410
    S1L, Inc. 3 6.38% $8,507
    SUN WEST MORTGAGE COMPANY, INC. 3 7.08% $8,929
    Magnolia Bank 2 6.81% $7,624
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $10,519
    PREMIA MORTGAGE, LLC 2 6.41% $5,067
    Central National Bank 2 6.69% $7,042
    CENTENNIAL LENDING, LLC 2 6.88% $3,753
    PENTAGON FEDERAL CREDIT UNION 2 6.06% $9,464
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 7.00% $5,803
    PLANET HOME LENDING, LLC 2 6.25% $7,825
    First Interstate Bank 2 5.94% $5,232
    BELEM SERVICING LLC 2 5.69% $8,078
    NEW DAY FINANCIAL, LLC 2 7.44% $5,001
    FIRST STATE MORTGAGE SERVICES, LLC 2 6.63% $5,404
    First International Bank & Trust 2 6.25% $5,473
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $19,035
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $3,318
    GARDNER FINANCIAL SERVICES, LTD. 1 6.63% $14,084
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $8,162
    First PREMIER Bank 1 5.88% $7,893
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,228
    SWBC MORTGAGE CORPORATION 1 6.75% $3,015
    The Central Trust Bank 1 6.75% $7,201
    The Loan Store, Inc. 1 7.13% $10,124
    TOTAL MORTGAGE SERVICES, LLC 1 7.13% $8,297
    First-Citizens Bank & Trust Company 1 5.25% $11,195
    Truist 1 6.00% $6,585
    EMBRACE HOME LOANS, INC. 1 5.99% $12,056
    Capital Bank 1 6.75% $6,528
    US MORTGAGE CORPORATION 1 8.25% $12,420
    BOKF 1 6.63% $10,969
    Academy Bank 1 5.75% $8,380
    AXIA FINANCIAL, LLC 1 7.25% $11,335
    M&T Bank 1 6.75% $9,839
    MY MORTGAGE, INC. 1 7.00% $8,686
    Mortgage Investment Services Corporation 1 7.25% $4,947
    LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $12,284
    NFM, INC. 1 7.13% $6,899
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $7,050
    OPEN MORTGAGE, LLC 1 6.25% $14,891
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $4,244
    Landmark National Bank 1 6.25% $7,744
    JPMorgan Chase Bank 1 7.25% $5,071
    PHH Mortgage Corporation 1 7.00% $10,078
    Ixonia Bank 1 6.63% $8,448
    Independent Bank 1 7.13% $12,151
    Home Federal Savings & Loan Association of Grand Island 1 6.38% $6,378
    PNC Bank 1 6.75% $6,949

    The top Nebraska FHA lender as defined by loan originations is CHARTER WEST BANK, with 470 FHA loans originated. Their average total fees are $7,642, which is $2,085 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Nebraska FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,110), MID AMERICA MORTGAGE, INC. ($4,918), West Gate Bank ($6,617), U.S. Bank ($6,816) and Prosperity Home Mortgage, LLC ($6,874).

    The lowest rate Nebraska FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.23%), AMERICAN FINANCING CORPORATION (5.99%), West Gate Bank (6.01%), Lincoln FSB of Nebraska (6.01%) and Pinnacle Bank (6.13%).

    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).