FHA Loan Requirements, Guidelines and Application Tips
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2023 FHA Loan Limits in Nebraska

Kurt Adams
Kurt Adams is a senior editor at LendingTree. Before becoming a money nerd, he has nearly a decade of experience as a writer, editor and digital marketing strategist.
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In 2023 you can borrow a maximum of $472,030 to $603,750 for a Nebraska home loan that’s backed by the Federal Housing Administration (FHA). The lower limit applies to almost the whole Cornhusker State, but the counties of Dawson and Gosper qualify for that upper limit.

More flexible than a conventional loan, an FHA loan helps borrowers who need a smaller minimum down payment and/or a less stringent credit score requirement.

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Nebraska FHA loan limits by county

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ADAMS$472,030$604,400$730,525$907,900$150,000
ANTELOPE$472,030$604,400$730,525$907,900$60,000
ARTHUR$472,030$604,400$730,525$907,900$191,000
BANNER$472,030$604,400$730,525$907,900$231,000
BLAINE$472,030$604,400$730,525$907,900$104,000
BOONE$472,030$604,400$730,525$907,900$176,000
BOX BUTTE$472,030$604,400$730,525$907,900$76,000
BOYD$472,030$604,400$730,525$907,900$30,000
BROWN$472,030$604,400$730,525$907,900$72,000
BUFFALO$472,030$604,400$730,525$907,900$218,000
BURT$472,030$604,400$730,525$907,900$100,000
BUTLER$472,030$604,400$730,525$907,900$131,000
CASS$472,030$604,400$730,525$907,900$289,000
CEDAR$472,030$604,400$730,525$907,900$163,000
CHASE$472,030$604,400$730,525$907,900$186,000
CHERRY$472,030$604,400$730,525$907,900$167,000
CHEYENNE$472,030$604,400$730,525$907,900$132,000
CLAY$472,030$604,400$730,525$907,900$93,000
COLFAX$472,030$604,400$730,525$907,900$103,000
CUMING$472,030$604,400$730,525$907,900$130,000
CUSTER$472,030$604,400$730,525$907,900$172,000
DAKOTA$472,030$604,400$730,525$907,900$280,000
DAWES$472,030$604,400$730,525$907,900$105,000
DAWSON$603,750$772,900$934,250$1,161,050$525,000
DEUEL$472,030$604,400$730,525$907,900$120,000
DIXON$472,030$604,400$730,525$907,900$280,000
DODGE$472,030$604,400$730,525$907,900$150,000
DOUGLAS$472,030$604,400$730,525$907,900$289,000
DUNDY$472,030$604,400$730,525$907,900$114,000
FILLMORE$472,030$604,400$730,525$907,900$90,000
FRANKLIN$472,030$604,400$730,525$907,900$103,000
FRONTIER$472,030$604,400$730,525$907,900$83,000
FURNAS$472,030$604,400$730,525$907,900$67,000
GAGE$472,030$604,400$730,525$907,900$110,000
GARDEN$472,030$604,400$730,525$907,900$59,000
GARFIELD$472,030$604,400$730,525$907,900$156,000
GOSPER$603,750$772,900$934,250$1,161,050$525,000
GRANT$472,030$604,400$730,525$907,900$107,000
GREELEY$472,030$604,400$730,525$907,900$99,000
HALL$472,030$604,400$730,525$907,900$215,000
HAMILTON$472,030$604,400$730,525$907,900$182,000
HARLAN$472,030$604,400$730,525$907,900$152,000
HAYES$472,030$604,400$730,525$907,900$120,000
HITCHCOCK$472,030$604,400$730,525$907,900$102,000
HOLT$472,030$604,400$730,525$907,900$168,000
HOOKER$472,030$604,400$730,525$907,900$126,000
HOWARD$472,030$604,400$730,525$907,900$215,000
JEFFERSON$472,030$604,400$730,525$907,900$132,000
JOHNSON$472,030$604,400$730,525$907,900$140,000
KEARNEY$472,030$604,400$730,525$907,900$218,000
KEITH$472,030$604,400$730,525$907,900$155,000
KEYA PAHA$472,030$604,400$730,525$907,900$71,000
KIMBALL$472,030$604,400$730,525$907,900$108,000
KNOX$472,030$604,400$730,525$907,900$72,000
LANCASTER$472,030$604,400$730,525$907,900$250,000
LINCOLN$472,030$604,400$730,525$907,900$203,000
LOGAN$472,030$604,400$730,525$907,900$203,000
LOUP$472,030$604,400$730,525$907,900$121,000
MADISON$472,030$604,400$730,525$907,900$179,000
MCPHERSON$472,030$604,400$730,525$907,900$203,000
MERRICK$472,030$604,400$730,525$907,900$215,000
MORRILL$472,030$604,400$730,525$907,900$138,000
NANCE$472,030$604,400$730,525$907,900$105,000
NEMAHA$472,030$604,400$730,525$907,900$88,000
NUCKOLLS$472,030$604,400$730,525$907,900$99,000
OTOE$472,030$604,400$730,525$907,900$150,000
PAWNEE$472,030$604,400$730,525$907,900$30,000
PERKINS$472,030$604,400$730,525$907,900$158,000
PHELPS$472,030$604,400$730,525$907,900$130,000
PIERCE$472,030$604,400$730,525$907,900$179,000
PLATTE$472,030$604,400$730,525$907,900$200,000
POLK$472,030$604,400$730,525$907,900$157,000
RED WILLOW$472,030$604,400$730,525$907,900$119,000
RICHARDSON$472,030$604,400$730,525$907,900$60,000
ROCK$472,030$604,400$730,525$907,900$123,000
SALINE$472,030$604,400$730,525$907,900$135,000
SARPY$472,030$604,400$730,525$907,900$289,000
SAUNDERS$472,030$604,400$730,525$907,900$289,000
SCOTTS BLUFF$472,030$604,400$730,525$907,900$231,000
SEWARD$472,030$604,400$730,525$907,900$250,000
SHERIDAN$472,030$604,400$730,525$907,900$105,000
SHERMAN$472,030$604,400$730,525$907,900$122,000
SIOUX$472,030$604,400$730,525$907,900$231,000
STANTON$472,030$604,400$730,525$907,900$179,000
THAYER$472,030$604,400$730,525$907,900$60,000
THOMAS$472,030$604,400$730,525$907,900$177,000
THURSTON$472,030$604,400$730,525$907,900$104,000
VALLEY$472,030$604,400$730,525$907,900$148,000
WASHINGTON$472,030$604,400$730,525$907,900$289,000
WAYNE$472,030$604,400$730,525$907,900$153,000
WEBSTER$472,030$604,400$730,525$907,900$50,000
WHEELER$472,030$604,400$730,525$907,900$143,000
YORK$472,030$604,400$730,525$907,900$145,000

How are FHA loan limits determined?

The Federal Housing Finance Agency (FHFA) sets the conforming loan limit each year based on the national average home sales price in the year before. This limit is really a line in the sand to mark what’s an appropriate amount to borrow in a mortgage.

This number is then used as a base to set the maximum amounts the FHA loan limit is allowed to finance. In most of the country, the lowest FHA loan limit, called the “floor,” applies, which is 65% of the conforming loan limit, or $472,030 for a one-unit home. The top limit, called the “ceiling,” only applies to the few, highest-cost areas of the nation and is 150% of the conforming loan limit.

How to qualify for an FHA loan in Nebraska

Nebraska homebuyers with lower credit scores, small cash reserves and more debt could find it easier to qualify for an FHA loan than a conventional loan. You still need to meet some minimum requirements, though.

  • Credit score and down payment. A credit score of 580 or higher requires only a 3.5% down payment, while scores between 500 and 579 require at least 10% down.
  • Debt-to-income (DTI) ratio. A DTI ratio shows how much you spend each month paying off debt like student loans, auto loans and credit cards. FHA lenders typically look for a DTI below 43%, although there may be exceptions that allow up to a 50% DTI.
  • FHA home appraisal. An FHA home appraisal is required for all FHA loans and differs from conventional appraisals because it can’t be waived. It’s also slightly more expensive because it not only determines the home’s value but also evaluates its livability and safety.
  • FHA mortgage insurances. Also unique to FHA loans are two types of required mortgage insurances. The mortgage insurance premium (MIP) is added to your monthly payment and costs about 0.15% to 0.75% of your loan amount. The upfront mortgage insurance premium (UFMIP) is typically rolled into the mortgage and costs 1.75% of your loan amount.
  • Occupancy. The home you buy with an FHA loan must be your primary residence for at least 12 months after purchase.

Buying a multifamily property with an FHA loan

You could get a multifamily home loan through the FHA program. The home can have up to four units that you could use to house your family and/or rent out. You may be able to use any expected rental income to qualify for the loan, too.

You’ll still need to meet all of the regular FHA loan qualifications, such as a 3.5% down payment and the occupancy requirement of living in one unit for at least a year after purchase. The FHA loan limit, however, increases with each additional unit to help you afford to buy the extra space.

FHA lenders in Nebraska

Lender nameLT ratingMinimum FHA credit score
PennyMac Mortgage5 stars580
Truist Mortgage4 stars580
Guild Mortgage3 stars540

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