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Nebraska Mortgage and Refinance Rates

Written by

Andrew Dehan

Edited by

Laurie Richards

Edited by

Laurie Richards

On Saturday, February 22, 2025, the national average 30-year fixed mortgage APR is 6.99%. The national average 30-year fixed refinance APR is 7.00%, according ... to Bankrate's latest survey of the nation's largest mortgage lenders.

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Current mortgage rates in Nebraska

As of Saturday, February 22, 2025, current mortgage interest rates in Nebraska are 7.10% for a 30-year fixed mortgage and 6.42% for a 15-year fixed mortgage.

In line with national trends, mortgage rates in Nebraska have been steadily increasing, and could stay elevated in 2025.

Refinance rates in Nebraska

Thanks to higher mortgage rates overall, refinancing has become less advantageous for homeowners nationwide, including in Nebraska. However, if rates fall, run the numbers using our mortgage refinance calculator to see if refinancing could be beneficial for you. While rates aren’t as low as they were, a cash-out refinance could be an option now if you’re renovating or consolidating high-interest debt.

Nebraska mortgage rate trends

As Nebraska mortgage rates remain close to national historical norms, the state's housing market has also seen higher home prices, up to a median sale price of $280,300 as of December 2024, according to Redfin.

National mortgage rates by loan type

Product	Interest Rate	APR
30-Year Fixed Rate	6.94%	6.99%
15-Year Fixed Rate	6.26%	6.34%
5-1 ARM	6.20%	6.95%
30-Year Fixed Rate FHA	7.06%	7.10%
30-Year Fixed Rate VA	6.91%	6.96%
30-Year Fixed Rate Jumbo	7.01%	7.06%

Rates as of Saturday, February 22, 2025 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate	6.95%	7.00%
15-Year Fixed Rate	6.28%	6.35%
5-1 ARM	6.22%	6.96%
30-Year Fixed Rate FHA	7.09%	7.13%
30-Year Fixed Rate VA	7.41%	7.44%
30-Year Fixed Rate Jumbo	6.96%	7.01%

Rates as of Saturday, February 22, 2025 at 6:30 AM

Bankrate displays two sets of rate averages produced from two surveys: one daily (“overnight averages”) and one weekly (“Bankrate Monitor averages”).
- Overnight averages: We calculate daily overnight rate averages on various products from several financial institutions. We collect these APRs after close of business, and they reflect the previous day’s pricing based on a borrower with a 740 FICO credit score and an 80 percent loan-to-value (LTV) ratio buying an existing, single-family primary residence.
- Bankrate Monitor (BRM) rate averages: On a weekly basis, we also collect APRs from the 10 largest banks and thrifts in 10 of the biggest U.S. markets. For these averages, we assume a borrower with a 700 FICO credit score (740 if a non-conforming loan) and an 80 percent loan-to-value (LTV) ratio, among other criteria.
The overnight and Bankrate Monitor averages are based on no existing relationship or automatic payments. Learn more about our rate averages, editorial guidelines and how we make money.
Bankrate has been a leading authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting historical mortgage rate information from the country’s largest lenders for more than 30 years.

Mortgage statistics for Nebraska

Nebraska home sales prices have risen steadily in recent years. If you’re buying in Nebraska, here are some key points to know:

Most affordable counties, Dec. 2024: Dundy, Garden, Nuckolls, Pawnee, Richardson
Median home sale price, Dec. 2024: $280,300
Median down payment, Oct. 2024: $37,700

Sources: ATTOM, Redfin

Mortgage options in Nebraska

If you’re looking to get a mortgage in Nebraska, consider these options:

Nebraska conventional mortgages: For a conventional mortgage in Nebraska, you’ll generally need a debt-to-income (DTI) ratio of no more than 45 percent and a credit score of at least 620. The minimum down payment is typically 3 percent (at that level, you’ll need to pay private mortgage insurance, or PMI, premiums, as well).
Nebraska FHA loans: If you have a lower credit score, a loan insured by the Federal Housing Administration (FHA) might be a better option. You can get an FHA loan with a credit score of 580 and a down payment of 3.5 percent.
Nebraska VA loans: If you’re a qualifying veteran, an active-duty member of the military or a surviving spouse, you can get a mortgage guaranteed by the Department of Veterans Affairs (VA). VA loans don't require a down payment or mortgage insurance, but you do need to pay a funding fee.
Nebraska USDA loans: Since Nebraska is largely a rural state, there are a lot of properties eligible for loans backed by the United States Department of Agriculture (USDA). Like VA loans, USDA loans don’t require a down payment. However, you’ll need to meet area-specific income requirements.

Learn more: Types of home loans

First-time homebuyer programs in Nebraska

There are several homebuyer assistance programs offered through the Nebraska Investment Finance Authority (NIFA) and partner lenders. These include:

NIFA Homebuyer Assistance Program (HBA) Welcome Home: HBA offers low-interest mortgages and down payment assistance. To qualify, you must have a credit score of 640 or higher, have an income below $174,000 and buy a house less than $470,000, among other requirements.
NIFA First Home program: If you're a first-time homebuyer who doesn’t need down payment assistance, the First Home program could be for you. In general, it comes with lower rates than the HBA program but has the same requirements.

Learn more: Nebraska first-time homebuyer programs

How to find the best mortgage rate in Nebraska

Step 1: Strengthen your credit score - Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
Step 2: Determine your budget - To find the right mortgage, you’ll need a good handle on how much house you can afford.
Step 3: Know your mortgage options - There are a few different types of mortgages.
Step 4: Compare rates and terms from several lenders - Rate-shop with at least three different banks or mortgage companies.
Step 5: Get preapproved for a mortgage - Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.

Learn more: How to get a mortgage

Additional Nebraska mortgage resources

Nebraska loan limits by county: Learn the FHA and conventional loan limits for the state listed by county.
Nebraska mortgage lenders: Check out this list of Nebraska mortgage lenders.
Nebraska homeowners insurance: Shop for homeowners insurance for your new home.

Meet our Bankrate experts

Written by: Andrew Dehan, Writer, Home Lending

I’ve covered mortgages, real estate and personal finance since 2020. At Bankrate, I’m focused on all of the factors that affect mortgage rates and home equity. I enjoy distilling data and expert advice into takeaways borrowers can use. Prior to Bankrate, I wrote and edited for Rocket Mortgage/Quicken Loans. My work has been published by Business Insider, Forbes Advisor, SmartAsset, Crain’s Business and more.