FAQ

  • How much do I need for a down payment to buy a home in Nebraska?

    Most Nebraska buyers put down 3–5% when using a conventional loan, but the actual required amount depends on your loan type, credit profile, and whether the home will be a primary residence.
    Some programs allow as little as 0% down (VA and eligible USDA areas).

  • What credit score do I need to buy a home?

    Many buyers qualify with scores in the mid-600s, while some loan programs allow approval with lower scores.
    Stronger credit = better rate, lower mortgage insurance, and more loan options.

  • How much income do I need to qualify for a mortgage?

    Lenders look at your debt-to-income (DTI) ratio, not just your salary.
    A typical max DTI is around 45%, though some programs allow higher depending on compensating factors.

  • What documents do I need for a pre-approval?

    Common items include:

    Last 30 days of pay stubs

    Last 2 months of bank statements

    W-2s or tax returns (if self-employed)

    ID

    A quick mortgage application

    Most buyers complete pre-approval in under 24 hours once docs are in.

  • How long does mortgage pre-approval take?

    Most pre-approvals are completed same day, often within a few hours.
    Faster if you upload documents quickly.

  • How do mortgage interest rates work?

    Rates change daily based on:

    Market conditions

    Loan program

    Credit profile

    Down payment

    Property type

    The big myth is that everyone gets the same rate — they don’t.