Down Payment Assistance (NeighborWorks Lincoln)

Down Payment Assistance (NeighborWorks Lincoln) is a deferred second loan for homebuyers in Lincoln, Nebraska, administered by NeighborWorks Lincoln. NeighborWorks Lincoln provides down payment assistance for purchasing a home within Lincoln's city limits. Assistance is an interest-free, payment-deferred loan covering a 5% down payment plus closing costs, with a limited rehab scope for structural repairs in the first three years. Amount and forgiveness rate vary by household income and property location, with enhanced incentives in target neighborhoods. Interest-free, payment-deferred loan. Covers 5% down payment plus closing costs. Limited rehab for structural repairs (first 3 years). Enhanced incentives in target neighborhoods.

Down Payment Assistance (NeighborWorks Lincoln) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Due upon sale of the property or when the participant no longer uses it as their primary residence. The assistance is recorded in second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Down Payment Assistance (NeighborWorks Lincoln) is open to homebuyers who will live in the home as their primary residence. Interest-free payment-deferred loan covering 5% down + closing costs. Forgiveness rate depends on property location; special incentives for target-neighborhood purchases. Max existing-home purchase price $247,000 (HUD, eff. 9/1/2024). Homes must be within Lincoln city limits. Distinct from City of Lincoln programs in catalog.

Down Payment Assistance (NeighborWorks Lincoln) sets its income limit as follows: Assistance amount based on household income and purchase price; max existing-home purchase price $247,000 (HUD, eff. 9/1/2024). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Down Payment Assistance (NeighborWorks Lincoln) can be used for Existing single-family homes within Lincoln city limits.

Down Payment Assistance (NeighborWorks Lincoln) serves homebuyers purchasing in Lincoln, Nebraska.

Applications for Down Payment Assistance (NeighborWorks Lincoln) go through NeighborWorks Lincoln, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.