Military Home Program
Military Home Program is a first mortgage for homebuyers in Nebraska, administered by Nebraska Investment Finance Authority (NIFA).
The program asks for
- The home is occupied as a primary residence
- A minimum 640 credit score
- A completed homebuyer education course
- Restricted to active military (active duty/reserves) or qualified veterans/spouses. DD214 required. Government loan only. Active military must be first-time homebuyers; veterans/spouses exempt. Occupy as primary residence within 60 days of closing. Purchase price limits apply ($398,000 non-target; $485,500 target area, eff. 7/7/25). Max DTI 45% (50% if credit score 660+).
- A home in Nebraska
It doesn’t cover
- Households above $175,500
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
$175,500 household income limit, as the program publishes it
The program states this limit itself. Its official site says how household size changes it.
Where it applies
Nebraska’s homesThe homes in Nebraska
- 71.3% single-familysingle-family
- 4.1% townhousetownhouse
- 4.3% 2–4 units2–4 units
- 17.4% 5+ unitscondo & apartment buildings (5+ units)
- 2.9% mobile & othermobile home & other
$238,600
Nebraska median home value
57.2%
built before 1980
U.S. Census Bureau, ACS 2024 5-year.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Nebraska Investment Finance Authority (NIFA) to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Military Home Program?
Military Home Program is a first mortgage for homebuyers in Nebraska, administered by Nebraska Investment Finance Authority (NIFA). NIFA's Military Home Program is a government home loan program for active military (active duty or reserves) and qualified veterans, offering NIFA's lowest interest rates plus down payment and closing cost assistance. Active military must meet NIFA's first-time homebuyer requirement; qualified veterans and their spouses do not. A copy of the DD214 is required to determine eligibility. NIFA's lowest interest rate. Down payment and closing cost assistance available. No first-time homebuyer requirement for veterans/spouses. FHA, VA, or USDA loan options.
Do you have to pay it back?
Military Home Program is a first mortgage and is repaid under the terms set by Nebraska Investment Finance Authority (NIFA). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Military Home Program is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 640. A homebuyer education course is required. Restricted to active military (active duty/reserves) or qualified veterans/spouses. DD214 required. Government loan only. Active military must be first-time homebuyers; veterans/spouses exempt. Occupy as primary residence within 60 days of closing. Purchase price limits apply ($398,000 non-target; $485,500 target area, eff. 7/7/25). Max DTI 45% (50% if credit score 660+).
What are the income limits?
Military Home Program limits household income to $175,500. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
Is there eligibility for specific groups?
Military Home Program names veterans, active-duty service members, and reservists and National Guard members among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.
Where does it apply?
Military Home Program serves homebuyers purchasing anywhere in Nebraska.
How do you apply?
Applications for Military Home Program go through Nebraska Investment Finance Authority (NIFA), 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.
Also for Nebraska homebuyersOther programs open to Nebraska homebuyers
- NENEDD Direct Homebuyer Assistance ProgramUp to $30,000
- Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska)Up to $20,000
- FHLBank Topeka Homeownership Set-aside Program (HSP)Up to $15,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 76 programs for NebraskaProgram terms are set by Nebraska Investment Finance Authority (NIFA) and can change; confirm on the official site before you apply.