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Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance

Community Action Partnership of Mid-Nebraska · Multiple (Kearney, Lexington, +), Nebraska

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See what you qualify forOfficial program site →
Assistance

$7,500

The maximum the program publishes — not an offer

Repayment

Forgivable

Forgiven after 5 years

What is Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance is a forgivable loan for homebuyers in Multiple (Kearney, Lexington, +), Nebraska, administered by Community Action Partnership of Mid-Nebraska.

  • Community Action Partnership of Mid-Nebraska provides down payment and/or closing cost assistance to low-to-moderate income first-time homebuyers using HOME Program Reuse Funds and Nebraska Affordable Housing Trust Fund awards. The assistance is a 0% interest loan of up to $7,500 forgiven 20% per year over a five-year affordability period as long as the home remains the buyer's primary residence. Buyers must secure a single-family first mortgage from a local conventional lender, be income-verified, complete a REACH homebuyer education workshop, and not currently own other real property. Availability is delivered county-by-county as the agency receives funding.
  • Up to $7,500 toward down payment and closing costs.
  • 0% interest.
  • Forgivable 20% per year over 5 years.
  • No monthly payments.
  • For low-to-moderate income first-time buyers.
  • Funding comes from HOME Program Reuse Funds; Nebraska Affordable Housing Trust Fund (Nebraska Dept. of Economic Development).

How much assistance does it provide?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance offers up to $7,500 in assistance.

  • Amounts are the program's published maximums, not an offer — Community Action Partnership of Mid-Nebraska determines any individual award.

Do you have to pay it back?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Prorated repayment of the unforgiven balance if the home ceases to be the buyer's primary residence during the 5-year affordability period (forgiven 20% per year).
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Community Action Partnership of Mid-Nebraska REACH homebuyer education (in-person, Kearney, ~$50) or approved online (~$99).
  • Citizenship or immigration status: All adult household members must be a U.S. citizen or a qualified alien under the Immigration and Nationality Act.
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Availability is county-specific and contingent on active funding for that county (Buffalo/Kearney and Dawson/Lexington documented; service area also includes Adams, Lincoln, Phelps, and other central/western NE counties). Purchase-price limits ($145k existing / $255k new) and the $56,250 four-person income figure are from a 2022 Dawson County release and may have been updated — verify current limits. A $500 processing fee may apply in some cycles — confirm with the agency. Min credit score, DTI, and lien position not published.

The program excludes

  • Manufactured homes

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance sets its income limit as follows: Household gross annual income may not exceed 80% of area median income for the county of assistance; varies by county and family size. Example (Dawson County, 2022 release): up to $56,250 for a household of four. Verify current limits with the agency.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance caps the purchase price as follows: Per 2022 Dawson County release: $145,000 existing / $255,000 new construction; subject to update — verify current limits.

  • Eligible property types include Single Family.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance serves buyers purchasing in Multiple (Kearney, Lexington, +), Nebraska.

How do you apply?

Applications for Community Action Partnership of Mid-Nebraska Down Payment and Closing Cost Assistance go through Community Action Partnership of Mid-Nebraska, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Community Action Partnership of Mid-Nebraska REACH homebuyer education (in-person, Kearney, ~$50) or approved online (~$99)..

  2. Contact Community Action Partnership of Mid-Nebraska to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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