Nebraska FHA Home Loans
Nebraska FHA loans are home loans insured by the FHA (Federal Housing Administration) which gives Nebraska borrowers the opportunity to secure NE home loans, when they don’t quality for other conventional loans. For example, future Nebraska homeowners with little credit history or poor credit history are sometimes able to qualify for Nebraska FHA loans.
Nebraska FHA Loans for First Time Homeowners
NE FHA loans are ideal for first-time Nebraska homeowners due to low down-payment requirements and flexible qualifying guidelines.
Refinancing with FHA Loans in Nebraska
FHA also offers a refinancing option for Nebraska homeowners where it’s possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.
FHA Loan Requirements – Nebraska
- No income limit
- Nebraska borrower credit score flexibility
- 3.5% down payment on Nebraska Purchase Loans
- Bankruptcy: NE FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: A Nebraska FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Nebraska (NE) FHA Loan Limits
FHA loan limits in Nebraska vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Nebraska), etc. Please contact Home Point Financial’s Nebraska FHA loan experts for details on loan limits for FHA loans in Nebraska (NE).
Contact Home Point Financial to learn more about FHA Loans in Nebraska.
