NeighborWorks Northeast Nebraska New Construction Down Payment Assistance

What is NeighborWorks Northeast Nebraska New Construction Down Payment Assistance?

NeighborWorks Northeast Nebraska New Construction Down Payment Assistance is a deferred second loan for homebuyers in Norfolk, Nebraska, administered by NeighborWorks Northeast Nebraska (NWNEN).

• Separate from its existing Purchase/Resell/Rehab program, NeighborWorks Northeast Nebraska provides down payment assistance to qualified buyers who secure a primary mortgage to purchase a newly constructed home in NWNEN's developments (e.g., Quail Meadows in Columbus, Nor-Park and River Fork in Norfolk). Assistance amounts are determined on a per-home basis.
• Down payment assistance for newly constructed homes (amount determined per home).
• Tied to NWNEN-developed affordable subdivisions in Norfolk and Columbus.

Do you have to pay it back?

NeighborWorks Northeast Nebraska New Construction Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NeighborWorks Northeast Nebraska New Construction Down Payment Assistance is open to buyers who will live in the home as their primary residence.

What are the income limits?

NeighborWorks Northeast Nebraska New Construction Down Payment Assistance sets its income limit as follows: Annual household income cannot exceed HUD-established guidelines.

• 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.

Where does it apply?

NeighborWorks Northeast Nebraska New Construction Down Payment Assistance serves buyers purchasing in Norfolk, Nebraska.

How do you apply?

Applications for NeighborWorks Northeast Nebraska New Construction Down Payment Assistance go through NeighborWorks Northeast Nebraska (NWNEN), 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 NeighborWorks Northeast Nebraska Homebuyer Education Workshop.

2. 2

   Contact NeighborWorks Northeast Nebraska (NWNEN) to reserve funds

   Funds are reserved with the provider 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.