Homebuyer Assistance (HBA) Program by the Nebraska Investment Finance Authority (NIFA) is a smart and supportive option for first-time homebuyers in Nebraska. This program provides a low-interest mortgage along with down payment and closing cost assistance, giving Nebraskans a powerful foundation to start their journey toward homeownership.
💡 What Is the NIFA HBA Program?
The HBA Program combines a 30-year fixed-rate mortgage loan with up to 5% of the loan amount in assistance for down payment and closing costs. This help is offered as a second loan at 0% interest, with deferred payments due only when the first mortgage is paid off, refinanced, or the home is sold.
✨ Key Benefits of the HBA Program
- Fixed interest rate on the first mortgage
- 5% second loan for down payment and closing costs
- Deferred payments – no monthly second loan payments
- Open to first-time buyers and those purchasing in targeted areas
- Can be used with FHA, VA, USDA-RD, or Conventional loans
🧭 Who Can Qualify?
To be eligible for the NIFA Homebuyer Assistance Program, you must:
- Be a first-time homebuyer (or buy in a federally designated target area)
- Meet income limits and purchase price limits set by the program
- Have a minimum credit score of 640 (depending on loan type)
- Live in the home as a primary residence
- Complete an approved homebuyer education course
📋 How to Apply for the NIFA HBA Program
The process is simple and facilitated through a network of participating NIFA lenders.
- Contact a NIFA-approved lender
- Get pre-qualified and complete your homebuyer education
- Apply for the HBA mortgage and second loan assistance
- Close on your new home and start your homeownership journey!
👉 Visit Official NIFA HBA Page
🔗 Nebraska Housing Assistance Resources
- 🏡 Nebraska Public Housing
- 📊 How To Apply For Section 8 in Nebraska
- 📌 Housing Choice Voucher Nebraska
- 📝 Nebraska First Time Homebuyer
- 💵 Down Payment Assistance Programs In Nebraska
📣 Why Choose NIFA’s HBA Program?
The HBA Program stands out due to its low-interest structure and substantial second loan support. It makes homeownership possible even for buyers with limited savings by covering the upfront costs that often prevent them from entering the housing market.
Unlike traditional loans, the deferred second mortgage ensures manageable payments and protects your budget while you settle into your new home. It’s a smart option for budget-conscious families and individuals across Nebraska.
🌍 Making a Difference Across Nebraska
From Lincoln to Omaha and Grand Island to Scottsbluff, NIFA HBA has helped thousands of buyers transition into stable, affordable homeownership. Many participants highlight the program’s ease of use and the peace of mind that comes with predictable financing and accessible support.
🎓 Homebuyer Education: A Key Requirement
As part of the eligibility process, all borrowers must complete an approved homebuyer education course. This ensures you’re well-informed about budgeting, mortgage terms, and maintaining homeownership for the long haul.
The NIFA Homebuyer Assistance (HBA) Program is a leading resource for Nebraskans who dream of owning a home but need help with upfront costs. With its powerful combination of affordable mortgage financing and down payment support, it’s the perfect path toward housing stability and financial growth.