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First Time Home Buyer Grants

Hunting for Nebraska first time home buyer grants to purchase that home?  Find the best grants for home buying in Nebraska and other home mortgage grants or programs available below.

You want to purchase of a home in Nebraska? That is great! Although exciting it can also be scary.

Before you obtain a grant and apply for a mortgage, you really need to understand how your credit profile looks.

You want to know your credit score and determine if you need credit repair before proceeding.

Unfortunately, without a minimum credit score of 640, you'll not qualify for these low down payment programs. The FHA 203b loan works well with the various grant options. The higher your credit score is the lower your interest rate.

With so many lenders to choose from, you want to be sure and select the right one.

But don't let the thought of purchasing a home bog you down! I plan to give you tons of useful information on grants to help you with this exciting adventure.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Nebraska First Time Home Buyer Grants

Nebraska Grants for Home Buying

To begin with, the State of Nebraska does not offer a Nebraska first time home buyer grant program for its residents.

They used to but that particular program no longer exists. But it does offer a program that can help with these costs. The program is called "Homebuyer Assistance (HBA)." 

This program has a 2nd mortgage that cannot be more than 5% of the purchase price of the home. It is a 10 years loan that must be paid back, but can be used for the down payment and closing costs. Unfortunately, you must have $1000 to put toward the down payment in order to qualify. 

There is another program that offers a low interest rate for first time buyers, it is called "First Home Plus." 

If it has been less than 3 years since you owned a home, you may want to investigate the low interest program called "First Home Focused." It is a special program for certain areas of Nebraska and it is not limited to first time home buyers. 

A cool thing is if you have been more than 3 years since you owned a home, you can be considered a first time buyer again! 

The state agency which maintains these programs is the Nebraska Investment Finance Authority. 

You should visit this website to determine your eligibility.

Federal Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in Nebraska. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by clicking HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you Visit is the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Remember, you want a lender who works with any of these Nebraska first time home buyer grants. Even if you qualify for a grant, you still have to qualify for a home loan.

Nebraska First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Nebraska First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Happy House Hunting!!

Leave Nebraska First Time Home Buyer Grants and return to Grants State Lists main page.

Go to House Buyer Solutions Home Page.

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