Habitat for Humanity of Omaha Homeownership Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity of Omaha Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

Habitat for Humanity of Omaha Homeownership Program can be used for Single Family and Rowhouse.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity of Omaha Home Journey Counseling Program (financial counseling, budgeting, homebuyer education, credit coaching)..

2. 2

   Contact Habitat for Humanity of Omaha to reserve funds

   Funds are reserved through Application-based; Home Journey Intake Application reviewed within 30-45 days; 6-24 month path to closing., and are subject to availability.

3. 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.