Great News for First Time Homebuyers

I am happy to announce that First National Bank now offers a grant program available for first time homebuyers.  First time homebuyers might be eligible to receive up to $3,000 to use towards their down payment and/or closing costs. (the grant is $4,000 but has $1,000 in fees for the grant, so the net is $3,000 to the buyer )

 Borrowers are required to take a homebuyer education class which costs $99.  This class can be taken in person or online.  Both class options take approximately 8 hours.

 The grant is a 5 year forgivable loan, no payments are due during the 5 years, and after 5 years the money owed is forgiven. ( if house is sold or refinanced within 5 years, then borrower has to pay a portion of the $4,000 back )

 Buyers have to make below 80% of the Area Median Income.

For the Omaha Metro, the max household income is the following:

1 -2 Person:                        3+ Person:

$58,000                                 $66,800

 The grants are approved by a 3^rd party and it will take at least 60 days to close with a grant once I receive an accepted purchase contract.

 This is a great product for first time home buyers that do not have the down payment, can not get a gift, or do not qualify with the additional NIFA HBA loan payment.

  Please contact Nick  Zwiebel with First National Bank Mortgage Division with any questions.  He can be reached by phone at 402.602.5263 or email