Home Ownership Programs

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First Time Home Buyer Program

NeighborWorks Lincoln provides down payment assistance to help with the required down-payment and closing costs that go along with purchasing a home. The assistance amount varies per family and is based on the purchase price of the home as well as household income. Qualified borrowers can purchase existing homes anywhere within Lincoln’s city limits, but special incentives are available to buyers who purchase homes in specific neighborhoods. Financial assistance also covers a limited rehabilitation scope typically focused on structural repairs or upgrades that will help avoid unexpected maintenance for the first three (3) years.

  • Applicant must not have owned a home in the past 3 years
    (There are some exceptions — contact NeighborWorks®Lincoln for details)
  • Applicant must live on the property being purchased
  • Property must be within the city limits
  • Household annual income cannot exceed 80% of the median income(PDF, 221KB)
  • Applicant must attend and complete Homebuyer Training offered by NeighborWorks®Lincoln (see below) 

Learn More and Apply

Home Buyer Education

NeighborWorks Lincoln provides a HUD-approved pre-purchase course designed to prepare you for home ownership. The Homebuyer Education program is a series of four (4) in-person classes, typically held on the second and third Wednesdays and Thursdays of each month, from 6 p.m. to 8 p.m.

  • Provided through NeighborWorks®Lincoln and taught by experienced staff
  • Free to prospective first-time homebuyers who meet program requirements
  • Offered 12 times per year, with 15 to 20 households participating each time
  • Each two-week course includes 4 three-hour sessions, for a total of 12 classroom hours
  • Topics include:
    • Analyzing and managing finances, budget, and credit
    • Evaluating homes and affordability
    • Working with Realtors and neighborhood leaders
    • Understanding financial paperwork, closing costs, and money needed for purchasing a home
    • Learning the rights and responsibilities of homeownership

Learn More

Government Resources for Homebuyers

As homebuyers move closer to homeownership, they will work with realtors and lenders, many of whom will be aware of the various government programs available to help homebuyers. Even so, as a homebuyer, you will be better prepared if you research these government resources yourself. This list of websites is not comprehensive, but it can get you started:

Additional Resources

 

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