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2021 FHA Loan Limits in Nebraska

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The maximum FHA loan limit in Nebraska has increased to $356,362 in most of the state for a single-family home. In some higher-cost areas, such as Lincoln, Logan and McPherson counties, homebuyers can get an FHA loan up to $433,550 for a single-family home.

If you’ve thought about buying a home in Nebraska, now may be the perfect time to make the leap. And thanks to the Federal Housing Administration (FHA), some Nebraskans can qualify for federally backed loans with lower credit scores and down payment requirements. This year, Nebraskans will be able to borrow even more with an FHA loan in some areas to buy or refinance a home.

Nebraska FHA loan limits by county

FHA Loan Limits in Nebraska
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $356,362 $456,275 $551,500 $685,400 $133,000
Antelope $356,362 $456,275 $551,500 $685,400 $48,000
Arthur $356,362 $456,275 $551,500 $685,400 $123,000
Banner $356,362 $456,275 $551,500 $685,400 $159,000
Blaine $356,362 $456,275 $551,500 $685,400 $98,000
Boone $356,362 $456,275 $551,500 $685,400 $156,000
Box Butte $356,362 $456,275 $551,500 $685,400 $141,000
Boyd $356,362 $456,275 $551,500 $685,400 $30,000
Brown $356,362 $456,275 $551,500 $685,400 $52,000
Buffalo $356,362 $456,275 $551,500 $685,400 $241,000
Burt $356,362 $456,275 $551,500 $685,400 $57,000
Butler $356,362 $456,275 $551,500 $685,400 $85,000
Cass $356,362 $456,275 $551,500 $685,400 $226,000
Cedar $356,362 $456,275 $551,500 $685,400 $142,000
Chase $356,362 $456,275 $551,500 $685,400 $144,000
Cherry $356,362 $456,275 $551,500 $685,400 $141,000
Cheyenne $356,362 $456,275 $551,500 $685,400 $123,000
Clay $356,362 $456,275 $551,500 $685,400 $54,000
Colfax $356,362 $456,275 $551,500 $685,400 $75,000
Cuming $356,362 $456,275 $551,500 $685,400 $98,000
Custer $356,362 $456,275 $551,500 $685,400 $77,000
Dakota $356,362 $456,275 $551,500 $685,400 $216,000
Dawes $356,362 $456,275 $551,500 $685,400 $91,000
Dawson $356,362 $456,275 $551,500 $685,400 $135,000
Deuel $356,362 $456,275 $551,500 $685,400 $92,000
Dixon $356,362 $456,275 $551,500 $685,400 $216,000
Dodge $356,362 $456,275 $551,500 $685,400 $185,000
Douglas $356,362 $456,275 $551,500 $685,400 $226,000
Dundy $356,362 $456,275 $551,500 $685,400 $21,000
Fillmore $356,362 $456,275 $551,500 $685,400 $93,000
Franklin $356,362 $456,275 $551,500 $685,400 $77,000
Frontier $356,362 $456,275 $551,500 $685,400 $69,000
Furnas $356,362 $456,275 $551,500 $685,400 $81,000
Gage $356,362 $456,275 $551,500 $685,400 $89,000
Garden $356,362 $456,275 $551,500 $685,400 $42,000
Garfield $356,362 $456,275 $551,500 $685,400 $115,000
Gosper $356,362 $456,275 $551,500 $685,400 $135,000
Grant $356,362 $456,275 $551,500 $685,400 $74,000
Greeley $356,362 $456,275 $551,500 $685,400 $93,000
Hall $356,362 $456,275 $551,500 $685,400 $155,000
Hamilton $356,362 $456,275 $551,500 $685,400 $150,000
Harlan $356,362 $456,275 $551,500 $685,400 $103,000
Hayes $356,362 $456,275 $551,500 $685,400 $80,000
Hitchcock $356,362 $456,275 $551,500 $685,400 $68,000
Holt $356,362 $456,275 $551,500 $685,400 $127,000
Hooker $356,362 $456,275 $551,500 $685,400 $99,000
Howard $356,362 $456,275 $551,500 $685,400 $155,000
Jefferson $356,362 $456,275 $551,500 $685,400 $64,000
Johnson $356,362 $456,275 $551,500 $685,400 $50,000
Kearney $356,362 $456,275 $551,500 $685,400 $241,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Nebraska?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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