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 6.74% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.37%.

    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).