Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska)

What is Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska)?

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

• NeighborWorks Northeast Nebraska offers down payment assistance through its Purchase Resell Rehab Program serving the Norfolk and Columbus areas of northeast Nebraska. The assistance is a deferred 0% interest loan of up to $20,000 with no monthly payment, due back only upon resale of the home. Availability is based on income eligibility and funding.
• Up to $20,000 down payment assistance.
• 0% interest, no monthly payment.
• Due only upon resale.
• Low $1,000 minimum buyer investment.

How much assistance does it provide?

Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) offers up to $20,000 in assistance.

• Amounts are the program's published maximums, not an offer — NeighborWorks Northeast Nebraska (NWNEN) determines any individual award.

Do you have to pay it back?

Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Due back upon resale of the home.
• 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.

Who qualifies?

Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) is open to buyers who will live in the home as their primary residence.

What are the income limits?

Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) sets its income limit as follows: Annual household income cannot exceed HUD-established guidelines.

• 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?

Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) serves buyers purchasing in Norfolk, Nebraska.

How do you apply?

Applications for Purchase Resell Rehab Down Payment Assistance (NeighborWorks Northeast Nebraska) 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 before funds are reserved.

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.