Today’s mortgage and refinance rates in Nebraska

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Nebraska mortgage rates today

Buying a home in Nebraska

According to Zillow, the typical home value in Nebraska is lower than the typical value of $312,728 across the US. The typical home value in Nebraska is $217,232, and home values have increased 14.4% over the past year. 

Historic mortgage rates for Nebraska

By looking at the average mortgage rates in Nebraska since 2010, you can see trends for 30-year fixed mortgages, 15-year fixed mortgages, and 7/1 adjustable mortgages:

Seeing how today’s rates compare to historic Nebraska mortgage rates may help you decide whether you’d be getting a good deal by getting a mortgage or refinancing now.

Mortgage calculator

If you’d like to get a better understanding of how today’s mortgage rights might impact your monthly payments, try out our free mortgage calculator. You can change the rate or term length and see how that will affect your payments over time.

If you’d like to learn more about how to save money on your mortgage over time, the “More details” button will highlight different ways to save.

Nebraska first-time homebuyer programs

You may qualify for financial assistance from the Nebraska Investment Finance Authority if you get a mortgage through a participating lender. Here are your options: 

Military Home Program: You can get a low interest rate on your mortgage if you’re an active military member or qualified veteran.

Homebuyer Assistance Program: Receive a loan for up to 5% of the home purchase price, with a max of $10,000. You’ll pay 1% interest on the loan and pay it off over 10 years.

First Home Program: You can get a low mortgage rate through this program. You may be eligible if you don’t qualify for the Military Home Program and don’t need financial aid through the Homebuyer Assistance Program.

First Home Targeted Program: You can get this low-rate mortgage if you live in certain parts of Nebraska and don’t need down payment assistance.

First Home Grant Program: The state will give you up to $5,000 toward homebuying costs, and you don’t have to repay the grant.

Federal Housing Administration mortgage: You can get a down payment of 3.5% with a credit score of at least 580, or get a mortgage with a credit score between 500 and 580 with 10% down using this loan, which is also …read more


Source:: Business Insider

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