Most people still believe you need 20% down—but in today’s Omaha metro market, that’s simply not true. The reality is that many buyers purchase with 3%–5% down, and VA buyers often purchase with 0% down. FHA loans require 3.5%, and USDA loans in rural-eligible areas around Blair, Fort Calhoun, Plattsmouth, and Springfield may also offer 0% down options.
Beyond the down payment, buyers should budget for closing costs, which typically range from 2%–4% of the purchase price in Nebraska and Iowa. Some buyers use lender credits or seller concessions to reduce out-of-pocket expenses, depending on market conditions.
If you're unsure which loan type fits your budget, we can walk you through all the options.
How Long Does the Homebuying Process Take in the Omaha Metro?