Omaha 100 Homebuyer Assistance

Omaha 100 Homebuyer Assistance is a second mortgage for homebuyers in Omaha, Nebraska, administered by Omaha 100, Inc. (partner of City of Omaha Planning Dept / Housing & Community Development). Omaha 100, Inc. is the City of Omaha's contracted nonprofit lender providing homebuyers with financial guidance, underwriting, and lending products including down payment assistance and City-backed second mortgages. Products are accessible across a range of credit scores and include conventional loans up to 97% LTV and second-mortgage products that eliminate the need for PMI. Down payment assistance up to 20% of price / $30,000. City-backed second mortgages. Eliminates need for PMI. Accessible across a range of credit scores. Conventional up to 97% LTV. Funding comes from City of Omaha (CDBG/HOME) / City-backed second mortgages.

Omaha 100 Homebuyer Assistance offers up to $30,000 in assistance. Amounts are the program's published maximums, not an offer — Omaha 100, Inc. (partner of City of Omaha Planning Dept / Housing & Community Development) determines any individual award.

Omaha 100 Homebuyer Assistance is a second mortgage and is repaid under the terms set by Omaha 100, Inc. (partner of City of Omaha Planning Dept / Housing & Community Development). 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.

Omaha 100 Homebuyer Assistance is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required. DPA up to 20% of purchase price or $30,000 (confirm current cap with Omaha 100). Back-end DTI <=45%. No foreclosures within past 2 years; no delinquent student loans/taxes/utilities. HUD-certified homebuyer education required (FHAS, eHome America, or Credit Advisors Foundation). Non-refundable Mortgage Credit Report Fee ($132.44 single / $212.63 married).

Omaha 100 Homebuyer Assistance limits household income to 80% of the area median income, which varies by county and household size. Total household income at or below 80% of Area Median Income (HUD). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Omaha 100 Homebuyer Assistance serves homebuyers purchasing in Omaha, Nebraska.

Applications for Omaha 100 Homebuyer Assistance go through Omaha 100, Inc. (partner of City of Omaha Planning Dept / Housing & Community Development), 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.