Archive

NIFA Loan

  • September 18, 2014
  • Mortgage Loan
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The Nebraska Investment Finance Authority (NIFA) loan program is designed for first-time home buyers that offers smaller or no down payment options. Qualifying NIFA loans must be insured by FHA, VA, USDA or Conventional Private Mortgage Insurance. Rates are typically lower than non-NIFA loans. Funds are not available for refinancing. More information can be found
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FHA Loan

  • September 18, 2014
  • Mortgage Loan
  • 0 Comments
An FHA (Federal Housing Administration) mortgage is a government-backed loan with more flexible lending requirements than those for Conventional loans. These loans will have higher mortgage insurance premiums and will require it to remain on the loan for longer periods of time, in some cases the life of the loan. FHA loans may be preferred
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Conventional Loans

  • September 18, 2014
  • Mortgage Loan
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Conventional loans are the most common for home buyers and borrowers. There are a wide variety of options available including both Fixed rate and Adjustable (ARM’s) with down payments as low as 3%. Fixed rate mortgages come with an interest rate that won’t change for the life of the loan and can be amortized over
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Contact

  • January 15, 2014
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  Shari Barnhill 402-202-6267 info@nebraskamortgageexpert.com 2901 South 84th Street, Suite 10 Lincoln, Nebraska 88506 NMLS ID# 217460
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