The Omaha FHA Home Loan program is great for the First Time Home Buyer and the experienced home buyer! The FHA Loan program offers several great benefits over the conventional loan programs.
First of all, if you are looking for a low down payment mortgage in Lincoln, this is the program for you. It offers a low downpayment of only 3.5% to purchase and will go to 97.75% Loan to Value for a refinance.
Second, the interest rates are fantastic! This is going to save you thousands of dollars over the term of your FHA Home Loan.
Third, the Omaha FHA Loan program's mortgage insurance is much lower than PMI required on a conventional mortgage. This allow you to keep more of your own money every month!