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NIFA Homebuyer Assistance Program (HBA)

Nebraska Investment Finance Authority offers Homebuyer Assistance Program (HBA) to first-time buyers in Nebraska: as much as 5% of the price, as a repayable loan.

Amount
As much as 5% of the price
Type of assistance
A loan you pay back
Only first-time buyers
Yes
A credit score
At least 640

This loan is repaid as a second mortgage with 1% interest over 10 years (120 months).

This kind of help works as a small second mortgage: you pay it off monthly, usually together with your main home loan payment.

Who can get NIFA Homebuyer Assistance Program (HBA)?

  • Your county and household size set the income limits.
  • You must be a first-time buyer (that usually means no home owned in the last three years).
  • Your credit score must be at least 640.
  • You take a homebuyer education course before buying.
  • You get it together with a NIFA First Home Loan (Conventional, FHA, USDA Rural Development or VA).

Your county and household size set most of the limits. Use our HUD income limits tool to see the median income in your area and how your household compares.

Applying for NIFA Homebuyer Assistance Program (HBA)

  1. The Nebraska Investment Finance Authority sends this money through its approved lenders. You apply with one of them at the same time as your home loan.
  2. Your lender reviews the home, your credit and your income against the program's rules, then reserves the funds for you.
  3. At closing, the money is applied to your closing costs and down payment.

You can see the full rules and find out if applications are open on Nebraska Investment Finance Authority's page for Homebuyer Assistance Program (HBA), or choose a lender from the agency's participating lender list.

NIFA Homebuyer Assistance Program (HBA): ask a lender

Tell us where you're buying and a lender that works with Nebraska's programs can tell you whether NIFA Homebuyer Assistance Program (HBA) fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? The lender will reach you after you send your details.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More Nebraska first-time buyer programs

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