In the State Of Nebraska the authority (NIFA) facilitates reduced interest rate loans for people that fall within certain income limits.
Below is a short explanation on how this program will work. If you are interested make sure you let Carolyn know.
A number of states sponsor programs to help first-time home buyers qualify for mortgages. Local housing agencies also may offer attractive loan terms to eligible home buyers in some areas. These programs typically offer very attractive loan terms (low down payment or low interest rate) to first-time home buyers who meet specified income guidelines. Some state and local programs may also offer down payment and closing cost assistance.
NIFA programs are grouped into six main categories:
Home Ownership - Homebuyers
Programs primarily for first-time
homebuyers.
Rental Development
Programs to assist developers of multifamily
residential projects.
Agricultural Programs
Programs for individuals and groups with ag
interests.
Home Ownership - Developers
Programs to assist developers of single family residential
projects.
Technical Assistance
Programs that offer communities technical assistance
with their housing development goals.
Development Projects (IDBs)
Programs for non-housing projects intended to
stimulate economic development.
To learn more about Nifa programs, please go to Nifa's Home Page At:
www.nifa.org/programs/
If you're interested in this program include a note at the end of the pre-qualying screen and/or e-Mail Carolyn for further explanation of this program.
Go to Pre-qualying screen now.
