Habitat for Humanity of Omaha Homeownership Program

Habitat for Humanity of Omaha Homeownership Program is down payment assistance for homebuyers in Omaha, Nebraska, administered by Habitat for Humanity of Omaha. Habitat for Humanity of Omaha guides income-qualifying homebuyers (30%-80% AMI) through a 6-24 month path to homeownership, providing financial counseling, credit coaching, and homebuyer education, culminating in an affordable Habitat-built home with a significantly below-market mortgage originated and serviced by Habitat. Buyers must demonstrate need, ability to pay, and willingness to partner; 12-month Omaha Metro residency required. Below-market Habitat-held mortgage. Comprehensive pre-purchase counseling and education. Possible down payment assistance. Post-closing support and home repair program.

Habitat for Humanity of Omaha Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Omaha. Repayment is triggered by Affordable Habitat-held mortgage; no traditional DPA repayment trigger. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity of Omaha Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Must not have owned a home in the last 3 years. On credit, the program states: No minimum credit score stated; stable job history and ability to pay required. Bankruptcy: 2 years since discharge with 2-year reestablished credit. A homebuyer education course is required, through Habitat for Humanity of Omaha Home Journey Counseling Program (financial counseling, budgeting, homebuyer education, credit coaching). Residency requirement: Must have resided in the Omaha Metro area for the past 12 months. Citizenship or immigration status: U.S. citizen or legally present with SSN or ITIN and current verified immigration status. Apply via the Home Journey Intake Application. Two-year verifiable income history and two most recent tax returns required. Below-market mortgage; specific assistance amount varies by household and is set during counseling.

Habitat for Humanity of Omaha Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Generally 30%-80% of Area Median Income (AMI) for the Omaha area, adjusted by household size; reviewed individually. 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.

Habitat for Humanity of Omaha Homeownership Program can be used for Single Family and Rowhouse. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Omaha Homeownership Program serves homebuyers purchasing in Omaha, Nebraska.

Applications for Habitat for Humanity of Omaha Homeownership Program go through Habitat for Humanity of Omaha, which publishes the current terms and the application steps on its own site. Funds are reserved through Application-based; Home Journey Intake Application reviewed within 30-45 days; 6-24 month path to closing. 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.