Nebraska Mortgage Loans | FHA VA USDA Conventional & NIFA

Understanding your Nebraska mortgage loans options helps you make the best financing decision for your home purchase or refinance. As a Lincoln native with over 25 years of banking and mortgage experience throughout Nebraska, I guide families through every type of loan program available—from government-backed FHA, VA, and USDA loans to conventional mortgages, first-time buyer NIFA programs, jumbo financing, and construction loans. Whether you’re buying in Lincoln, Omaha, or anywhere in Nebraska, you deserve expert guidance to find the loan that fits your goals.

Our Mortgage Loan Options Include:

Conventional Loan Programs
We offer both Fixed Rate and Adjustable Rate Mortgage Loans (ARM’s) with varying terms.

Government Loan Programs
We offer FHA, VA, and USDA (RD) loans through each respective agency. CharterWest National Bank is considered one of the leading lenders in Nebraska to offer these government programs that allow low and no down payments.

NIFA
This program is a fixed rate designed for first-time buyers and offers smaller or no down payment options.
CharterWest National Bank is one of the leading lenders in Nebraska on this program.

Reverse Mortgages
A Reverse Mortgage is a loan that allows seniors over 62 to borrow money for almost any reason using the equity in their home and does not require monthly payments.

Refinancing
Many options and programs are available for most any borrowing need, including lowering costs and reducing the existing term of your mortgage.

Construction Loans
We offer short term construction loans to help you build your dream home. We also offer extended lock options for your permanent financing to handle all of your needs.

Jumbo Loans
We offer non-conforming fixed and adjustable rate loans that are above agency guidelines with various terms.

Frequently Asked Question

What’s the difference between FHA and conventional loans?

FHA loans require 3.5% down with 580+ credit score, upfront mortgage insurance, financed into the loan, and has monthly mortgage insurance for life unless you put 10% down. Conventional loans requires a minimum of 3-5% down with 620+ credit, but PMI can be removed at 20% equity.

Can I get a mortgage with bad credit in Nebraska?

Yes. FHA loans accept 580 credit scores. Some lenders offer manual underwriting for lower scores with compensating factors like high income or large down payment.

What loan type has the lowest interest rates in Nebraska?

VA loans typically offer the lowest rates, followed by NIFA programs (below-market rates), FHA then conventional. Rates vary based on credit score, down payment, loan size, income, and market conditions.

Do I need mortgage insurance on all loans?

It depends. VA loans do not require mortgage insurance, however there can be an upfront funding fee. Conventional loans require Private Mortgage Insurance unless you have 20% down it will eventually drop off once 20% equity is acquired. FHA requires it for the life of the loan unless you put 10% down. USDA has lower mortgage insurance costs than FHA.