"Cody was great to work with, he was actually interested in why we were buying a second house versus the other lender who just wanted our business. Closing was easy and communication was great. No surprises!"
fredrick gene f
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NIFA – First-Time Homebuyer Loan
First Home Program Eligibility First Home HomeBuyer:Individuals who haven’t owned and occupied a primary residence within the past three years, are considered a first-time homebuyer. Even if a home was owned years ago, but has been occupied by renters for three or more years, to us that's still considered a first-time homebuyer.Potential buyers do not need to be a first-time homebuyer if:They are a qualified veteran who has been discharged from the service under conditions other than dishonorable ORThey're purchasing a home located in a target area. Use our Geocoding/Mapping System to help identify whether or not a specific home is in a target area.Note: There are some situations when NIFA may grant an exception to the first-time homebuyer requirement. If one of these situations apply, a Participating Lender will submit documentation to our office for review during the loan application process:If home is lost by divorce and individual received no sale proceedsIf home is lost by a natural disasterIf home is lost by a forced job relocationNIFA is committed to helping homebuyers get into their new home with a great, low interest loan, and minimal hassle.Household Income Limits:All NIFA loan programs have maximum household income limits based on the home’s location and household size. NIFA’s program eligibility includes the income of any adult member who will reside in the home and will be a borrower, co-borrower or non-borrowing spouse. Note: Income from other adult occupants is only included when the occupant will have an ownership interest in the home.This includes, but is not limited to, base pay, overtime, commissions, bonuses, tips, self-employed income, social security, disability, unemployment, child support, alimony, part-time income and interest income from assets over $5,000.NIFA will use your current monthly household gross income and will project it over 12 months. This calculation method is only used by NIFA to determine program eligibility. In most cases, your Participating Lender will use a more conservative underwriting approach for income to qualify you for the loan. First-Time Homebuyer Education:NIFA requires First-Time Homebuyers to complete an approved homebuyer education class before closing because we understand how overwhelming it can be to purchase your first home. From one of these classes, a first time homebuyer will gain valuable knowledge on the loan process, terminology, budgeting, tips for selecting a real estate agent, home inspections, home maintenance and much more.Browse NIFA-approved classes
Market Updates – February 2024
Here's the latest Market Updates. Click on the "Download PDF" to view or click through the slides above to view.1.) Personal Consumption Expenditures (January 2024)The Fed’s favored inflation measure, Core PCE, continues to move closer to its 2% target as the annual reading fell to 2.8% for the 12 months ending in January. This was well below 2022’s 5.6% peak and the lowest level since March 2021. But the question remains - when will the Fed think inflation is low enough for them to start cutting rates this year?2.) MBS Highway Housing Index (February 2024):February 2024 witnessed a massive increase in the MBS Highway National Housing Index, which rose 13 points to 55 (from 42 in January 2024). This was driven primarily by a 16-point jump in the Buyer Activity sub-index (from 33 to 49). While part of this increase is normal seasonality, there is little doubt that buyers have been reenergized by lower mortgage rates, slightly higher inventory, and the prospect of Fed rate cuts ahead.3.) BLS Jobs Report (February 2024):February job growth came in above forecasts, with 275K jobs created per the BLS. However, revisions to the data for December and January shaved a whooping 167K jobs from those months combined. The unemployment rate also rose from 3.7% to 3.9%, the first increase since October.4.) ADP Employment Report (February 2024):February saw slower-than-expected job growth in the private sector, as employers added just 140K new jobs versus the 150K that were forecasted. However, January’s total was revised higher, and ADP noted that “employment growth remained steady” and “pay gains for job-changers accelerated for the first time in more than a year.5.) Home Builder Sentiment (February 2024):Home builder confidence rose for the third straight month, reaching the highest level since last August. The NAHB noted that this boost to builder sentiment is due to a lack of existing home inventory, expectations that mortgage rates will continue to moderate, and the prospect of future rate cuts by the Fed. Plus, in a good sign for much-needed supply, the NAHB expects single-family starts to rise around 5% this year.6.) New Home Sales (January 2024):Signed contracts on new homes rose for the second straight month in January, up 1.5% from December and 1.8% from a year earlier. The lack of existing homes for sale continues to boost the new construction market and, in a good sign for much-needed supply, the NAHB recently noted that they’re expecting construction for single-family homes to rise this year.7.) Change in Home Value after 10 years:Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth.The Levinson Teamhttp://www.LendingByLevinson.com402-618-0154
Utility Helpers Provided by Churchill Mortgage
Churchill Mortgage is a proud partner with Utility Helpers! This collaboration provides a one-of-kind concierge service to help you navigate the challenges of setting up everything from utilities, alarm systems, trash, plus many others. The dedicated team at Utility Helpers makes sure you have every opportunity to focus on the purchase of your new home and takes the stress of time-consuming transfers of various utilities off their plate.
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10124 Hansen Ave
OPEN HOUSE 3/7 THUR 4:00-6:00 & SAT 1-3! Experience modern luxury in this tri-level masterpiece nestled in Rockbrook part of the highly desired WESTSIDE School District. Step into a beautiful open-concept living space w/wood floors & expansive windows for ample natural light. The kitchen boasts white cabinets & top-notch SS appliances including a gas range. Plenty of room for everyone with 3 spacious bedrooms & 4 updated baths, including the primary suite featuring a full bath with a whirlpool tub, shower, dual vanity, and a vast walk-in closet. 3 family rooms for everyone to spread out! The basement features a 2nd suite with a gorgeous bath, walk-in shower, family room & wet bar! Enjoy the spacious backyard with a freshly stained deck, perfect for outdoor entertaining. Tons of great updates within the last year! NEW, NEW, NEW roof, siding, exterior paint, downspouts, gutters, gutter guards, PELLA windows & sliding door. LOW TAX LEVY! Close proximity to dining, shopping & easy interstate access.
11508 Slayton St
The Halstead boasts a secluded back office on the main level, perfect for privacy and productivity. A welcoming covered front porch adds to its charm. Inside, you'll find granite or quartz countertops throughout, complemented by durable LVP flooring on the main level. The kitchen features a huge pantry and custom cabinets throughout, offering both style and functionality. The craftsman trim package adds an extra touch of elegance. A practical drop zone keeps your space organized. The owner’s suite is a haven of comfort, complete with a walk-in closet, dual sinks, and a walk-in shower. Enjoy the flexibility of multiple main floor plan options to suit your lifestyle. Additionally, the convenience of a second-floor laundry and an optional third bathroom upstairs further enhance this home's appeal.
4557 Barksdale Dr
Experience the spaciousness of the Dylan XL, an open-concept Ranch plan offering three bedrooms on the main level. This home is designed with LVP flooring, elegant granite or quartz countertops, and custom cabinets throughout, ensuring a stylish yet functional living space. The linear fireplace adds a contemporary touch, while the large walk-in pantry and drop zone provide practical solutions for everyday living. The master suite is a true retreat, featuring a double vanity and a sizable walk-in closet, with the option to connect directly to the laundry room for added convenience. The Dylan XL plan is crafted with attention to detail, offering a blend of luxury and practicality.
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Anchor Pointe
Anchor Pointe168th and N HWS Cleveland Blvd | Bennington, NE 68007Price Range$500,000 - $800,000Available Floor Plans: Anchor Pointe | Bennington, NE New Home Community (sherwoodandlane.com)AgentsTasha Moss: tasha@omahareg.com 402-612-6693Amanda VanHerpen: Amanda@omahareg.com 402-680-0068Steve VanHerpen: steve@omahareg.com 402-301-9032