Product TabsOverviewIf you’re seeking to achieve the dream of owning a home for the first time, the NIFA program may be right for you. NIFA provides funding for mortgages made to homebuyers who qualify as first-time homebuyers (with certain exceptions) throughout the state of Nebraska and meet established income and purchase price limits. To qualify for a NIFA loan, the purchase price of the home must not exceed the established Purchase Price Limits. Applicants must be first-time homebuyers unless buying a home in a NIFA Targeted Area. The total gross annual income from all sources of all persons 18 years or older expected to live in the home must be less than the established Income Limits. NIFA Features Long-term fixed rate No prepayment penalty. Interest rates are generally less than non-NIFA mortgage rates. In some circumstances, some closing costs might be includable in the loan amount. See details of the Homebuyer Assistance Program (HBA). NIFA mortgage loans are generally assumable. Qualifying NIFA loans must be insured by one of the following sources: Federal Housing Administration (FHA) Department of Veterans Affairs (VA) Rural Development acting through the US Department of Agriculture (USDA/RD) (formerly the Farmers Home Administration) Private mortgage insurance (for conventional loans) Resources Smarter in :90 - Be One Step Ahead of Other Buyers Learn More » How much home can I afford? Learn More » How much will my fixed rate home loan payment be? Learn More » Your Credit Score Can Cost You Your credit score is more than just a number. It is a number that you cannot shake—it follows you everywhere, but fortunately it's one that you can improve! Learn More » FAQs 78 17 Related Products Checking Accounts Checks only come in one size. But checking accounts are a different story. Compare our different accounts and find the one that works best for you. Learn More » Savings, Money Markets & CDs You know you want to save, but finding the right account can be a challenge. Let’s start by looking at what matters to you, then compare the account options. Learn More » Español