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 6.93% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

Nebraska's average FHA mortgage closing costs are $6,257.

The average rate for the prior week (2024-05-17) was 6.92% and one month ago for the week of 2024-04-19, the average rate was 6.64%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.96%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 471 6.32% $9,290
CHARTER WEST BANK 407 6.68% $7,290
First National Bank of Omaha 227 6.56% $7,036
MORIA DEVELOPMENT, INC. 140 6.73% $9,197
GERSHMAN INVESTMENT CORP. 139 6.72% $7,810
UNITED WHOLESALE MORTGAGE, LLC 115 6.70% $8,981
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 113 6.68% $8,238
Pinnacle Bank 100 6.53% $6,905
Regent Financial Group, Inc. 93 6.69% $9,042
Lincoln FSB of Nebraska 71 6.53% $6,407
Prosperity Home Mortgage, LLC 69 6.64% $6,693
Plains Commerce Bank 63 6.73% $8,702
GUILD MORTGAGE COMPANY 61 6.66% $8,588
Mortgage Research Center, LLC 60 6.73% $7,079
LIBERTY FIRST 57 6.25% $7,271
CMG MORTGAGE, INC. 55 6.88% $11,112
U.S. Bank 53 6.50% $6,921
LOANDEPOT.COM, LLC 52 6.30% $10,412
FREEDOM MORTGAGE CORPORATION 48 6.99% $12,658
Access Bank 45 6.60% $7,580
MUTUAL OF OMAHA MORTGAGE, INC. 44 6.53% $12,873
GUARANTEED RATE, INC. 41 6.84% $10,420
BROKER SOLUTIONS, INC. 39 6.71% $9,509
NEWREZ LLC 39 6.32% $8,754
ARK-LA-TEX FINANCIAL SERVICES, LLC. 37 6.70% $8,506
Mr. Cooper ( Nationstar Mortgage ) 36 6.02% $14,776
CASTLE & COOKE MORTGAGE, LLC 35 6.67% $10,432
PENNYMAC LOAN SERVICES, LLC 30 6.38% $10,062
AMERISAVE MORTGAGE CORPORATION 30 6.17% $11,199
Gateway First Bank 28 6.55% $7,453
Core Bank 27 6.25% $7,920
Union Bank and Trust Company 24 6.52% $6,542
DHI MORTGAGE COMPANY, LTD. 23 5.37% $11,792
Paramount Residential Mortgage Group, Inc. 19 6.83% $9,029
First State Bank 19 6.30% $5,844
DELMAR FINANCIAL COMPANY 18 6.55% $8,941
West Gate Bank 18 6.35% $6,991
First Bank 17 6.41% $7,723
Flagstar Bank, FSB 16 6.72% $8,650
Carrington Mortgage Services, LLC 16 6.47% $12,060
CHURCHILL MORTGAGE CORPORATION 15 6.31% $9,500
TruHome Solutions, LLC 15 6.36% $7,756
PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.76% $8,527
CROSSCOUNTRY MORTGAGE, LLC 14 6.90% $9,185
Citizens Bank 14 6.62% $8,530
Barrington Bank & Trust Company, N.A. 11 6.80% $7,901
Chickasaw Community Bank 11 7.31% $8,263
Wells Fargo Bank 11 6.38% $7,762
The Federal Savings Bank 10 6.41% $11,127
LAKEVIEW LOAN SERVICING, LLC 10 6.33% $11,540
PLAZA HOME MORTGAGE, INC. 10 6.65% $12,549
HOMESIDE FINANCIAL, LLC 9 7.17% $8,659
CALIBER HOME LOANS, INC. 9 6.18% $10,896
FLAT BRANCH MORTGAGE, INC. 9 6.76% $8,477
Adams Bank & Trust 9 6.64% $6,676
Servion, Inc. 8 6.92% $7,127
AMERICAN FINANCING CORPORATION 8 6.48% $9,683
AMERICAN FINANCIAL NETWORK, INC. 8 7.26% $11,383
First Interstate Bank 8 6.55% $5,632
ZILLOW HOME LOANS, LLC 7 6.73% $8,184
SUN WEST MORTGAGE COMPANY, INC. 7 6.68% $8,398
CENTENNIAL LENDING, LLC 7 6.93% $9,053
United Fidelity Funding Corp. 7 6.80% $7,494
American National Bank 6 6.56% $6,956
CARDINAL FINANCIAL 6 6.02% $10,736
MOVEMENT MORTGAGE, LLC 6 6.81% $10,422
BETTER MORTGAGE CORPORATION 5 6.85% $8,198
Central National Bank 5 6.30% $6,429
MID AMERICA MORTGAGE, INC. 4 7.75% $3,984
FIRST STATE MORTGAGE SERVICES, LLC 4 7.16% $5,127
BAY EQUITY LLC 4 6.75% $7,548
PENTAGON FEDERAL CREDIT UNION 3 6.33% $6,084
EVERETT FINANCIAL, INC. 3 7.13% $7,594
Financial Funding Solutions, Inc. 3 6.67% $4,080
AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.08% $8,772
Flanagan State Bank 3 7.04% $8,913
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.79% $8,463
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.75% $16,327
American Mortgage & Equity Consultants, Inc. 3 7.17% $9,582
Bank of Colorado 2 5.88% $8,511
Century Mortgage Company DBA Century Lending Company 2 6.25% $12,987
Sierra Pacific Mortgage Company, Inc. 2 7.31% $6,917
Bank of America 2 6.63% $8,120
TOWNE MORTGAGE COMPANY 2 6.94% $7,868
UNION HOME MORTGAGE CORP. 2 7.50% $6,668
Colonial Savings, F.A. 2 6.56% $14,545
VILLAGE CAPITAL MORTGAGE 2 6.25% $9,410
Evolve Bank & Trust 2 7.13% $8,807
V.I.P. MORTGAGE, INC. 2 6.81% $8,046
Equity Prime Mortgage LLC 2 6.63% $14,035
BMO Harris Bank 2 7.00% $6,074
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.50% $11,893
First State Bank of St. Charles, Missouri 2 7.00% $6,509
NBKC BANK 2 6.06% $8,628
NETWORK CAPITAL FUNDING CORPORATION 2 7.13% $8,199
PLANET HOME LENDING, LLC 2 6.19% $15,745
PHH Mortgage Corporation 2 6.56% $7,686
NFM, INC. 2 6.88% $14,196
AmeriHome Mortgage Company, LLC 2 7.13% $9,568
Ixonia Bank 2 7.38% $8,127
Bank of England 2 6.13% $13,437
M&T Bank 1 6.38% $12,853
AMCAP MORTGAGE, LTD. 1 6.13% $10,223
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $4,756
American Mortgage Bank, LLC 1 6.50% $8,068
ARC HOME LLC 1 5.50% $6,275
Bank of the West 1 6.13% $7,211
BELEM SERVICING LLC 1 7.25% $11,444
CALCON MUTUAL MORTGAGE LLC 1 6.00% $12,139
Centennial Bank 1 6.13% $6,772
CORNERSTONE HOME LENDING, INC. 1 6.25% $20,798
CORTRUST MORTGAGE, INC. 1 6.50% $4,719
DAS Acquisition Company, LLC 1 7.00% $9,095
EMBRACE HOME LOANS, INC. 1 5.99% $12,725
First Dakota National Bank 1 6.75% $4,591
GUARANTEED RATE AFFINITY, LLC 1 7.25% $7,290
Heritage Bank 1 7.00% $8,095
Home Federal Savings & Loan Association of Grand Island 1 6.50% $5,583
Independent Bank 1 6.75% $7,241
IOWA BANKERS MORTGAGE CORPORATION 1 6.63% $5,626
JPMorgan Chase Bank 1 8.25% $10,137
Lakeview Community Capital, LLC 1 6.75% $6,009
LEADERONE FINANCIAL CORPORATION 1 7.63% $12,116
Members Mortgage Services, L.L.C. 1 6.25% $4,558
ACADEMY MORTGAGE CORPORATION 1 6.38% $14,710
Nations Lending Corporation 1 6.25% $13,209
NEW DAY FINANCIAL, LLC 1 7.50% $7,750
North American Savings Bank, F.S.B. 1 5.63% $5,963
Northwest Bank 1 5.50% $13,228
PANORAMA MORTGAGE GROUP, LLC 1 7.00% $14,117
PREMIA MORTGAGE, LLC 1 5.75% $5,717
RESIDENTIAL BANCORP 1 5.75% $7,459
RUOFF MORTGAGE COMPANY, INC. 1 6.88% $7,149
Semper Home Loans, Inc. 1 6.13% $8,572
SIRVA MORTGAGE, INC. 1 6.75% $10,804
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $4,881
T2 FINANCIAL LLC 1 7.13% $13,569
The Central Trust Bank 1 7.50% $8,428
Unify Home Lending Inc. 1 7.25% $5,475
United Community Bank 1 6.13% $3,353
UNIVERSAL LENDING CORPORATION 1 6.13% $7,038
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.00% $3,893
Waterstone Mortgage Corporation 1 6.63% $10,339
Wyndham Capital Mortgage, Inc. 1 7.25% $10,830

The top Nebraska FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 471 FHA loans originated. Their average total fees are $9,290, which is $2,000 higher than the next largest lender, CHARTER WEST BANK.

The lowest fee Nebraska FHA lenders (with over 10 loans originated) are First State Bank ($5,844), Lincoln FSB of Nebraska ($6,407), Union Bank and Trust Company ($6,542), Prosperity Home Mortgage, LLC ($6,693) and Pinnacle Bank ($6,905).

The lowest rate Nebraska FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.37%), Mr. Cooper ( Nationstar Mortgage ) (6.02%), AMERISAVE MORTGAGE CORPORATION (6.17%), Core Bank (6.25%) and LIBERTY FIRST (6.25%).

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).