Nebraska Mortgage and Refinance Rates

Current mortgage rates in Nebraska

As of Monday, September 15, 2025, current mortgage interest rates in Nebraska are 6.41% for a 30-year fixed mortgage and 5.69% for a 15-year fixed mortgage.

Just like the rest of the U.S., 30-year mortgage rates in Nebraska have been hovering above the 6.5 percent mark for all of 2025 so far. With concerns about inflation and tariffs, as well as uncertainty around the timing of further rate cuts by the Federal Reserve, it's unlikely that mortgage rates will plunge significantly in the near term.  

Refinance rates in Nebraska

Thanks to higher mortgage rates overall this spring, refinancing has become less advantageous for homeowners nationwide, including in Nebraska. However, if rates fall in the back half of 2025, run the numbers using our mortgage refinance calculator to see if refinancing could be beneficial for you. While rates aren’t as low as they were, a cash-out refinance could be an option now if you’re renovating or consolidating high-interest debt.

National mortgage rates by loan type

Nebraska mortgage rate housing market statistics and trends

No matter where you're looking for a home in Nebraska, you'll find properties well below the national median price. Home prices in the state are relatively stable, only increasing by 0.3 percent between June 2025 and the year prior, according to Redfin. Before you start looking for a home in Nebraska, however, you'll need to be ready to act fast: In competitive markets like La Vista, Lincoln and Kearney, listings typically get snatched up in under 20 days.

• Median sales price (as of June 2025): $308,400
• Median days on market (as of June 2025): 18
• Number of homes for sale (as of June 2025): 2,192 – 7% year-over-year increase
• Median down payment (as of April 2025): $30,000

Sources: Redfin, ATTOM

Mortgage options in Nebraska

If you’re looking to get a mortgage in Nebraska, consider these options:

• Nebraska conventional mortgages: For a conventional mortgage in Nebraska, you’ll generally need a debt-to-income (DTI) ratio of no more than 45 percent and a credit score of at least 620. The minimum down payment is typically 3 percent (at that level, you’ll need to pay private mortgage insurance, or PMI, premiums, as well).
• Nebraska FHA loans: If you have a lower credit score, a loan insured by the Federal Housing Administration (FHA) might be a better option. You can get an FHA loan with a credit score of 580 and a down payment of 3.5 percent.
• Nebraska VA loans: If you’re a qualifying veteran, an active-duty member of the military or a surviving spouse, you can get a mortgage guaranteed by the Department of Veterans Affairs (VA). VA loans don't require a down payment or mortgage insurance, but you do need to pay a funding fee.
• Nebraska USDA loans: Since Nebraska is largely a rural state, there are a lot of properties eligible for loans backed by the United States Department of Agriculture (USDA). Like VA loans, USDA loans don’t require a down payment. However, you’ll need to meet area-specific income requirements.

First-time homebuyer programs in Nebraska

There are several homebuyer assistance programs offered through the Nebraska Investment Finance Authority (NIFA) and partner lenders. These include:

• NIFA Homebuyer Assistance Program (HBA) Welcome Home: HBA offers low-interest mortgages and down payment assistance. To qualify, you must have a credit score of 640 or higher, have an income below $175,000 and buy a house for less than $485,500 (limit jumps to $607,000 for two-unit properties), along with some other requirements.
• NIFA First Home program: If you're a first-time homebuyer who doesn’t need down payment assistance, the First Home program could be for you. In general, it comes with lower rates than the HBA program but has the same requirements.

Additional Nebraska mortgage resources

• Nebraska loan limits by county: Learn the FHA and conventional loan limits for the state listed by county.
• Nebraska mortgage lenders: Check out this list of Nebraska mortgage lenders.
• Nebraska homeowners insurance: Shop for homeowners insurance for your new home.