Government Loans

NIFA (Nebraska Investment Finance Authority):

Generally, the main benefit of the NIFA bond program is a lower fixed rate mortgage loan, resulting in interest savings on the loan over the 30-year mortgage term. The program offers low down payment requirements and limits the amount of closing costs that may be charged by the originating lender. Generally a 3% down payment is required. NIFA offers some loan products that require little or no down payment depending on the location of the property and buyer eligibility. NIFA provides assistance in an amount up to 5.00% of the purchase price. This may be used for down payment or closing costs charged by the lender. The second mortgage loan will bear interest at a rate of 1%.  The borrower is required to contribute a $1,000 minimum investment and execute a second mortgage.

FHA (Federal Housing Administration):
Both fixed and variable rates available. An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Adminstration. FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.

VA (Veterans Adminstration):
Both fixed and variable rates available. A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).

A USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.