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Welcome Home Program

Statewide, Nebraska

Last verified
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Income limit

$175,500

The household income limit the program publishes

Price cap

$485,500

Highest purchase price the program allows

Repayment

Deferred

No payments until the home is sold or refinanced

What is Welcome Home Program?

Welcome Home Program is a deferred second loan for homebuyers in Statewide, Nebraska.

  • NIFA flexible first-mortgage program for first-time AND repeat buyers. Higher income/purchase price limits than First Home. 640 FICO / 45% DTI; 660 FICO / 50% DTI. Statewide.
  • The NIFA Welcome Home Program is a flexible 30-year fixed-rate first-mortgage product available to first-time AND repeat homebuyers. Income and purchase-price limits apply, with the Welcome Home tier offering higher income ($175,500 household effective 7/7/2025) and higher purchase-price limits ($485,500 for 1 unit / $607,000 for 2 units) than NIFA's First Home program. Loan-type options include Conventional, FHA, VA, and USDA Rural Development. Welcome Home is the first-mortgage-only product.
  • the companion Welcome Home Assistance (WHA) program adds an HBA-style second-mortgage DPA for buyers needing down payment or closing-cost help.
  • Funding comes from State and Bond.

Do you have to pay it back?

Welcome Home Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Standard 30-year fixed-rate first-mortgage amortization.
  • The assistance is recorded in 1st Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Welcome Home Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum representative mid-FICO (45% max DTI). 660+ FICO permits up to 50% DTI on conventional and government loans.
  • Residency: Property must be located in Nebraska and serve as borrower's principal residence within 60 days of closing.
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or qualifying non-permanent resident alien per first-mortgage product overlays.
  • Owner-occupied principal residence within 60 days of closing. Household income up to $175,500 effective 7/7/2025 (single statewide cap; not tiered by household size). Acquisition cost within NIFA Welcome Home limits ($485,500 for 1 unit / $607,000 for 2 units, effective 7/7/2025). 640 mid-FICO minimum (45% DTI); 660 FICO permits 50% DTI. $1,000 min borrower contribution. First-time homebuyer education required ONLY if borrower is a first-time homebuyer (no education required for repeat buyers).

The program excludes

  • Purchases above the $485,500 price cap
  • 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.

What are the income limits?

Welcome Home Program limits household income to $175,500.

  • 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?

Welcome Home Program caps the purchase price at $485,500.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD, 2-unit per NIFA Welcome Home rules, and manufactured home on permanent foundation per servicer overlays.
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Welcome Home Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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?

Welcome Home Program serves buyers purchasing in Statewide, Nebraska.

How do you apply?

Applications for Welcome Home Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

    Funds are reserved through Reserved by approved participating lender via NIFA's Lender Online portal at time of rate lock., and are subject to availability.

  2. 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.

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