Nebraska Military Home Program Checklist

A comprehensive guide for applicants of the Nebraska Military Home Program in 2025.

Assess Your Eligibility

Confirm that you are either:
An active-duty military member (including reserves) meeting the Nebraska Investment Finance Authority's (NIFA) first-time homebuyer requirements, which include not having owned and lived in a home as your primary residence within the past three years. Exceptions to this requirement include purchasing in a target area or being a qualified military veteran.
A qualified veteran discharged under conditions other than dishonorable. Qualified veterans are not required to meet the first-time homebuyer requirement. A copy of your DD214 Form will be required to determine eligibility.
Ensure your household income does not exceed the program's limits, which vary based on the home's location and household size. For example, income limits for a family of less than three range from $103,900 to $111,400, depending on the county.
Verify that the property's purchase price is within the program's maximum limits. As of July 13, 2023, the limit for a single-family home is $384,000 in non-target areas and $470,000 in target areas.
Plan to occupy the purchased property as your primary residence within 60 days of loan closing.
Be prepared to contribute at least $500 from your own funds toward the transaction.

Collect recent pay stubs, W-2 forms, or other proof of income.
Obtain copies of your tax returns for the past two years, including all schedules.
Compile bank statements from the last two to three months for all financial accounts.
Prepare property details, including the address, purchase agreement, and sale price.
Assemble any additional documents requested by your Loan Officer, such as verification of assets, debts, or liabilities.
If you are a qualified veteran, ensure you have a copy of your DD214 Form to verify your discharge status.

A Loan Officer will be assigned to guide you through the Nebraska Military Home Program application process.
Schedule an initial meeting or call with your Loan Officer to discuss eligibility requirements and outline the application steps.
Clarify any questions regarding the program, required documentation, or the application process.
Follow your Loan Officer's instructions to efficiently gather and submit all necessary documentation.

Enroll in a homebuyer education course approved by the Nebraska Investment Finance Authority (NIFA).
Attend and complete the course prior to closing, as mandated by the program.
Obtain a certificate of completion to include in your application package.

Work closely with your Loan Officer to fill out your application for the Nebraska Military Home Program.
Provide all required documents to confirm your eligibility for the program.
Review your application with your Loan Officer to ensure it is accurate and complete before submission.

Sign all necessary documents provided by your Loan Officer to complete your participation in the program.
Prepare for any expenses not covered by the program, such as additional closing fees or prepaid items.
Receive confirmation of your enrollment and details on how the program benefits will be applied to your home purchase.

Ensure the purchased property remains your primary residence for the duration specified by the program.
Inform your Loan Officer promptly if you plan to sell, refinance, or make changes to your mortgage, as this could impact your program benefits.
Stay updated on any changes to program requirements to maintain compliance and retain your benefits.