State Buyer Guide

First-Time Home Buyer Guide
for Nebraska

Down payment assistance, Nebraska housing programs, closing cost estimates, and what to know before buying — including from FSBO sellers.

Step 1 — Do This First

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$245,000

Avg Home Price

1.61%

Property Tax Rate

~$5,390

Est. Closing Costs

0.225% ($2.25 per $1,000)

Transfer Tax

Nebraska Housing Finance Agency Programs

The Nebraska Investment Finance Authority (NIFA) is your primary source for below-market mortgage rates and down payment assistance in Nebraska. Programs are available through approved lenders — not directly through the HFA.

NIFA Homebuyer Assistance

Up to $10,000 as a 2nd loan at 1% interest for 10 years

First mortgage and down payment assistance programs.

Income limit: $99,000–$114,000 (varies by area)

Learn more at Nebraska Investment Finance Authority (NIFA) →

HUD homeownership resources for Nebraska →

High Value — $240/funded loan

Credible

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See real rates from multiple lenders with one soft credit pull. Credible pays up to $240 per funded loan — which means they have every reason to find you the best rate.

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Closing Costs in Nebraska

Typical Closing Cost Range

2.2% of purchase price

On a $245,000 home: approximately $5,390

Transfer Tax

0.225% ($2.25 per $1,000)

Nebraska charges a documentary stamp tax of $2.25 per $1,000 of consideration (0.225%), paid by the seller.

Attorney at Closing?

No — title company state

Nebraska is a title-company state. An attorney is not required, but for FSBO transactions having one review the purchase agreement is advisable.

Key Tips for Buying in Nebraska

✓Nebraska property taxes are on the higher end for the Midwest — verify the exact tax bill before closing.
✓Omaha's real estate market offers very strong value for a major metro area.
✓Tornadoes and severe storms are common spring hazards — check for a storm shelter or basement.
✓Nebraska has a homestead exemption program for lower-income and elderly homeowners — check eligibility.

Home Inspection

HomeAdvisor

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HomeAdvisor instantly matches you with licensed, background-checked home inspectors in your area. Read real reviews, compare quotes, and book online.

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Legal Help for Nebraska Buyers

While Nebraska doesn't require an attorney at closing, FSBO buyers should strongly consider having one review the purchase agreement and title work.

Legal Help for FSBO Buyers

Nolo

Nolo has been the go-to legal resource for DIY buyers since 1971. Their real estate guides explain purchase agreements, contingencies, and closing in language anyone can understand.

Browse Legal Guides →

LegalZoom

Get a real estate attorney to review your purchase agreement or help you draft an offer letter — often for a fraction of traditional legal fees.

Get Legal Help →

US Legal Forms

Download state-specific purchase agreements, addenda, and disclosure forms — written by attorneys, ready to use in your state.

Browse Real Estate Forms →

Frequently Asked Questions

What first-time buyer programs are available in Nebraska?

Nebraska first-time buyers can access programs through the Nebraska Investment Finance Authority (NIFA) (https://www.nifa.org/), including the NIFA Homebuyer Assistance (Up to $10,000 as a 2nd loan at 1% interest for 10 years). Federal programs like FHA loans (3.5% down) and USDA loans (0% down in eligible areas) are also available.

What are typical closing costs in Nebraska?

Closing costs in Nebraska typically run 2.2% of the purchase price. Transfer tax: 0.225% ($2.25 per $1,000). Nebraska charges a documentary stamp tax of $2.25 per $1,000 of consideration (0.225%), paid by the seller.

Do I need an attorney to buy a home in Nebraska?