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Get Matched Free →NeighborWorks Lincoln Homeownership Program
Funding status: Active
How much assistance
5% of purchase price plus closing costs
Interest-free, payment-deferred loan. Payment due upon sale of property or if buyer no longer occupies as primary residence. Special incentives including loan forgiveness available in targeted geographic areas of Lincoln.
Eligibility
- Income limits: Targets low-to-moderate income borrowers; specific limits set by NeighborWorks Lincoln based on HUD income guidelines for Lancaster County.
- First-time buyer required: Yes — Has not owned a home in the past 3 years. Some exceptions apply; contact NeighborWorks Lincoln for details.
- Geographic restrictions: Property must be located within Lincoln city limits. Special incentives, including loan forgiveness, available in specific targeted geographic areas.
- Homebuyer education required: Yes
How to Apply for NeighborWorks Lincoln Homeownership Program
Step 1: Contact NeighborWorks Lincoln at 402-477-7181. Applicants must have at least $1,000 of their own money (must be buyer's funds, not a gift) and continuous job history for the past 2 years. Must complete the four-class HUD-approved homebuyer education series before approval. Must occupy the property as primary residence.
Notes
Funded by City of Lincoln Urban Development Department CDBG and HOME funds. Program also includes optional rehabilitation assistance for structural repairs in the first 3 years of ownership.