What New Loan Programs Are There for Omaha Buyers?


The Omaha area has an excellent variety of homes within a vibrant market of both buyers and sellers. If you're considering purchasing property in Omaha, GO HERE to perform a Full Home Search, or if you're thinking about selling your property, CLICK HERE for a Free Home Value Report. For any other questions you have regarding current market trends or your own home's value, please don't hesitate to call me at (402) 614-6922, or email me at adam@brileyhomes.com.

Hey guys, today I wanted to bring in Jeremy Wilhelm, one of our preferred lenders at Private Mortgage Group to talk to you about some exciting new loan programs that are out there for buyers in the Omaha metro. 

There are 2 different programs that we are going to talk about today. The first is for first-time home buyers who might have less than perfect credit. With this program, you purchase a property, and take it "as-is", with no repairs done or negotiated. This option allows you to go in, renovate the property to your specifics, and allow you to get the home quickly and inexpensively. 

Another program is a conventional program called the HomeStyle program. This program allows people to do renovations with a loan all the way up to $417,000. This means renovating basements, adding pools, and other things that clients were told in the past weren't an option, are now an option with this program. New construction is very popular right now, and homes without finished basements are a perfect candidate for this type of loan. With conventional financing, you can get in with 5% down, and with an FHA loan you can get in only paying 3.5% down. 

If you have any questions about mortgages, feel free to give Jeremy a call at (402) 210-8352.

If you have any other questions, don't hesitate to reach out to us. We look forward to speaking with you!