Nebraska Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Nebraska (NE). The median home price in Nebraska is $289,000, with an effective property tax rate of 1.5% (ranked #9 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Nebraska data.

Nebraska Property Tax Information

Nebraska has an effective property tax rate of 1.5%, ranking #9 among all 50 states. The median annual property tax is $3,350 ($279/month). Source: Tax Foundation 2025.

Nebraska Loan Limits 2026

FHA loan limit in Nebraska: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Nebraska

For a median-priced home of $289,000 with 20% down ($57,800), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,461, plus $279 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,865/month.

Nebraska Closing Costs

Average closing costs in Nebraska are $2,344 (0.74% of purchase price), ranked #45 nationally. Nebraska charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Nebraska Housing Market 2026

Home prices in Nebraska have increased 4.2% year-over-year. Average days on market: 30. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Nebraska

Nebraska offers 2 down payment assistance programs through Nebraska Investment Finance Authority (NIFA):

  • Homebuyer Assistance Program (HAP) (forgivable loan): Forgivable over 5 years. Below-market first mortgage rates. - Up to Up to 5% of loan amount
  • Military Home Program (grant): Extra assistance for active military, veterans, and reservists. - Up to Additional 1% for veterans

Contact NIFA: https://www.nifa.org | Phone: 402-434-3900

Did You Know About Nebraska?

  • Nebraska has the 9th highest property tax rate in the nation
  • Omaha and Lincoln are competitive seller's markets
  • Strong job growth in agriculture and insurance sectors
  • Documentary stamp tax of $2.25 per $1,000 adds to costs

Frequently Asked Questions About Buying a Home in Nebraska

What is the average property tax rate in Nebraska?

The effective property tax rate in Nebraska is 1.5%, with a median annual tax of $3,350. This ranks #9 among all states.

What are the FHA loan limits in Nebraska for 2026?

The FHA loan floor in Nebraska is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Nebraska?

Average closing costs in Nebraska are $2,344, which is approximately 0.74% of the purchase price.

Are there first-time homebuyer programs in Nebraska?

Yes, Nebraska offers 2 down payment assistance programs through Nebraska Investment Finance Authority, including grants, forgivable loans, and second mortgages.

Is Nebraska a good place to buy a home in 2026?

With a median home price of $289,000 and low inventory, Nebraska is currently a seller's market. Home prices have increased 4.2% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.