Nebraska Investment Finance Authority (NIFA) Loan Program

CharterWest is one of the top NIFA lenders in Nebraska. We pride ourselves in offering affordable housing programs for our customers.

The first-time homebuyer mortgage loan has a fixed rate that is generally less than non-NIFA mortgage rates.

Qualifying NIFA loans must be insured by one of the following sources:

• Federal Housing Administration (FHA)
• Department of Veterans Affairs (VA)
• Rural Development (USDA/RD)
• Private Mortgage Insurance (for conventional loans)

Funds are not available for refinancing.

NIFA Loan Eligibility Requirements

Applicants must be first-time homebuyers evidenced by signed copies of the last three years of federal income tax returns (with certain exceptions) and must meet established income and purchase price limits.

Three exceptions to the first-time buyer rule include divorce, natural disaster, and job relocation. Purchase price limitations and/or income limits apply to the program and can be found with more details for the program at www.nifa.org, or call us for the details at 888-273-9500.