Nebraska FHA Loan Rates, Closing Costs & Stats

Nebraska

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).