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Nebraska program

Homebuyer Assistance Program

Nebraska route through Nebraska Investment Finance Authority (NIFA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

1% second mortgage with monthly repayment Check official rules 2026-04-23
Agency Nebraska Investment Finance Authority (NIFA)
Support type 1% second mortgage with monthly repayment
Amount highlight Homebuyer Assistance Program pairs a first mortgage with a second mortgage for down payment and closing costs. Current official materials describe the second mortgage as up to 5% of purchase price at 1.00% interest with a 120-month term.
Last verified 2026-04-23

Use carefully

Use current nifa.org and current Resources PDFs over expo mirror and old S3 files

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

HBA is live and detail-safe, but older NIFA mirrors and old PDFs still preserve superseded caps, rates, and subordination rules. Public wording should rely on the current consumer page and the current 2026 lender manual.

Source note: Current nifa.org HBA materials and the current Resources & Documents lender manual agree on a 5% second mortgage at 1.00% for 120 months, while older mirror pages and older S3 PDFs still preserve a $10,000 cap and stricter historic subordination wording. The current live site and current resources should control.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Nebraska program hub if you need the wider state context.

Amount

Homebuyer Assistance Program pairs a first mortgage with a second mortgage for down payment and closing costs. Current official materials describe the second mortgage as up to 5% of purchase price at 1.00% interest with a 120-month term.

Type

1% second mortgage with monthly repayment

Repayment

Current official lender materials describe HBA as a repayable first-and-second mortgage package. The second mortgage has a 120-month term at 1.00% interest, begins monthly principal-and-interest repayment on the same date as the first mortgage note, allows prepayment without penalty, is not assumable, and can be subordinated only when the borrower uses NIFA Refinance Home.

First-time buyer

Varies

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Nebraska first-time homebuyers using the First Home family, Qualified veterans and buyers using target-area exceptions under First Home rules, Borrowers using a participating NIFA lender, Buyers meeting current First Home income, purchase-price, credit, and occupancy rules

What support do you get?

Homebuyer Assistance Program pairs a first mortgage with a second mortgage for down payment and closing costs. Current official materials describe the second mortgage as up to 5% of purchase price at 1.00% interest with a 120-month term.

Do you repay it?

Current official lender materials describe HBA as a repayable first-and-second mortgage package. The second mortgage has a 120-month term at 1.00% interest, begins monthly principal-and-interest repayment on the same date as the first mortgage note, allows prepayment without penalty, is not assumable, and can be subordinated only when the borrower uses NIFA Refinance Home.

How do you apply?

Follow NIFA's current path: review eligibility with the QualBot or consumer pages, complete the required education, work with a participating NIFA lender for preapproval, then have that lender reserve the First Home plus HBA first-and-second mortgage package and close both liens together.

Application timing

After an accepted purchase agreement, the participating lender enters the NIFA loan reservation. NIFA says rates are valid for 120 days from the reservation date, targets a 24- to 48-hour compliance-review turnaround, and recommends submitting pre-closing files at least five business days before closing.

Official source evidence

Current NIFA materials show HBA remains live as the First Home-family package with a first mortgage plus a second mortgage up to 5% of purchase price at 1.00% interest for 120 months, using current First Home eligibility rules and lender-only delivery.

View official source

Last verified

2026-04-23

current rates snapshot 2026-04-22; current lender manual 2026-02-02; limits effective 2025-07-07

Paid preview

What paid access adds for Homebuyer Assistance Program

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Comparison preview

Homebuyer Assistance Program

Amount: Homebuyer Assistance Program pairs a first mortgage with a second mortgage for down payment and closing costs. Current official materials describe the second mortgage as up to 5% of purchase price at 1.00% interest with a 120-month term.

Repayment: Current official lender materials describe HBA as a repayable first-and-second mortgage package. The second mortgage has a 120-month term at 1.00% interest, begins monthly principal-and-interest repayment on the same date as the first mortgage note, allows prepayment without penalty, is not assumable, and can be subordinated only when the borrower uses NIFA Refinance Home.

First-time buyer: Varies

Timing: After an accepted purchase agreement, the participating lender enters the NIFA loan reservation. NIFA says rates are valid for 120 days from the reservation date, targets a 24- to 48-hour compliance-review turnaround, and recommends submitting pre-closing files at least five business days before closing.

Risk checks preview

What gets flagged before you call a lender

  • Homebuyer Assistance Program requires a participating lender.
  • Homebuyer Assistance Program must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate Homebuyer Assistance Program for this household and loan setup?
  • Which first-mortgage product must be paired with Homebuyer Assistance Program, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official Homebuyer Assistance page for Homebuyer Assistance Program
  • Ask whether your lender is approved for this exact program and loan structure.
Open the full Nebraska board

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What unlocks after payment

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city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

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