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2011 Loan Limits for Nebraska

Loan Type	Maximum Loan Amount
FHA	$217,050*
VA	$417,000*
Conventional	$417,000
Jumbo	Varies by loan product and lender

* FHA Upfront Mortgage Insurance Premium and VA Funding Fee can be financed above this amount.

Mortgage Qualification Guidelines

The information below is provided for information purposes as a guide only for purchase money mortgages. Information is provided for the use of real estate agents and is not provided for distribution to the public. Requirements can change and the information below is not guaranteed to be accurate. Requirements for

	FHA Loans	Conventional Loans	VA Loans
Max Debt Ratio	41% to 50%	45%	41% to 50%
Upfront Mortgage Insurance/Funding Fee	1% for all loans	Only for loans greater than 80% LTV and using Single Premium PMI or Split PMI. Varies by LTV, loan type, loan term and credit score.	LTV > 95%: 2.00% LTV 90% to 95%: 1.50% LTV < 90%: 1.25% (Funding fees are higher if VA benefits have been used previously and/or if buyer is National Guard or Reserves)
Monthly Mortgage Insurance Premium	30 Year Loans LTV > 95%: 0.90% LTV <= 95%: 0.80% 15 Year Loans LTV > 90%: 0.25% LTV <= 90%: 0.00%	Only for loans greater than 80% LTV. Varies based on LTV, loan type, loan term and credit score for loans over 80%.	None
Eligibilitty	Primary residence only. Can only have one FHA loan at a time. If current home is FHA, must be sold to use FHA on new home.	Primary, secondary or investment. There are restrictions on number of properties financed for investmetn property purchases.	Primary residence only. If buyer has another outstanding VA loan, VA benefit on the new house will be reduced.

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