Known for its robust economy and thriving housing market, Lincoln, Nebraska is a city where dreams of homeownership can become a reality. The availability of HUD housing loans in this area has played a significant role in making affordable housing accessible to a wider demographic. These loans, backed by the Department of Housing and Urban Development (HUD), offer low-interest rates and flexible eligibility criteria, making them an attractive option for first-time homebuyers and low-to-moderate-income families.

Local Housing Market Overview

The housing market in Lincoln, Nebraska is characterized by steady growth and a healthy balance between supply and demand. According to data from HUD, the city has seen a consistent increase in home values over the past few years, indicating a strong market. However, despite this growth, housing affordability remains a key concern for many residents, particularly those in lower income brackets.

Addressing this concern, several notable housing developments have been initiated in the city, many of which are supported by HUD housing loans. These projects aim to increase the availability of affordable housing options and contribute to the city's ongoing efforts to ensure that every resident has access to safe and decent housing.

Economic Landscape and Demographic Trends

Lincoln's economic landscape is diverse and dynamic, with key sectors including education, healthcare, and manufacturing. Data from the Bureau of Labor Statistics indicates a low unemployment rate, suggesting a healthy job market that contributes to housing demand. The presence of several higher education institutions and major healthcare facilities further adds to the city's economic stability.

Demographic trends in Lincoln, as per the U.S. Census Bureau, show a steady population growth with a significant proportion of young adults. This demographic shift is likely to impact the housing market, as younger generations enter the workforce and seek their own homes. The availability of HUD housing loans in Lincoln, Nebraska can play a crucial role in meeting this growing demand for affordable housing.

Today's Interest Rates in Lincoln

Find today's rates in the table below.

Please note that these are only benchmark index rates — each loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Our Experts

When it comes to getting a HUD loan for your multifamily property, there are several amazing options. The names of the loans themselves are not particularly descriptive, however — more alphabet soup than proper name — yet they have major differences in purpose, eligibility, and terms.

Our team connects you with lenders across the U.S. to find the best financing terms for your property, even if that ends up being outside the world of HUD financing. It doesn't matter if you're buying or building, renovating or expanding, shopping your loan to multiple lenders puts you in a strong position to pick the financing terms that meet your needs.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about Lincoln? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Current HUD Multifamily Loans in Lincoln

There are a wide range of HUD financing options for multifamily properties in Lincoln. Keep reading to learn which one could be the most suitable for your property.

HUD 223(f) Loans

A HUD 223(f) loan is an extremely versatile financing option that can be used for the acquisition or refinance of a multifamily property with more than five units. With long, fully amortizing terms, fixed interest rates and high LTVs, these loans can be the ideal financing vehicle to acquire a multifamily property.

HUD 221(d)(4) Loans

The HUD 221(d)(4) loan is the highest-leverage, lowest-cost construction loan available for a multifamily development. Offering terms of up to 43 years at a fixed interest rate, this financing is extremely popular with developers for good reason. During construction, the loan is interest-only (for up to three years), and upon completion the note has a fully amortizing, 40-year term.

HUD 223(a)(7) Loans

Fast isn't what most people might think of when they think of getting a HUD multifamily loan. However, a HUD 223(a)(7) loan offers both speed and simplicity, with fewer reports and documentation needed. At the same time, this program offers loans with lengthy, fully amortizing terms, and low, fixed rates in a non-recourse package.

Note that while a HUD 223(a)(7) loan can be a wonderful option, it is only available for properties with existing HUD multifamily debt.

HUD 241(a) Loans

If you need supplemental financing for your apartment building in Lincoln, a HUD 241(a) loan could be a great option. These loans are non-recourse and offer financing at a loan-to-cost ratio of 90% for for-profit entities and 95% for nonprofits. You need an existing HUD loan on your apartment building or healthcare property to qualify.

Interest rates are fixed, and the loan's term length typically will match the term of the senior HUD loan on the property, though in many cases this term can be extended up to 40 years.

HUD 232/223(f) Loans

HUD's healthcare property loan, the 232/223(f) loan, is similar to the previously mentioned HUD 223(f) financing option. Useful for purchasing or refinancing healthcare properties (including skilled nursing and assisted living facilities), the loan does have some restrictions in terms of commercial space. However, the benefits of a 35-year, fully amortizing term at a fixed rate is unparalleled in the healthcare sector.

Think a HUD multifamily loan could be right for your property in Lincoln? Add your details to the form below, and we’ll match you with the best lender — and loan — for your investment strategy.

Multifamily Property Insurance in Lincoln

This part isn't about loans, but it's just as important to your investment's success: insurance.

Multifamily insurance premiums have shot through the roof over the past few years, as I'm sure you know. Whether you own (or plan to own) a market-rate apartment building or an affordable housing property, this will have a huge impact on your profitability — and, worst case, ability to operate at all.

Janover Insurance Group is dedicated to finding the best insurance solutions for your multifamily property in Lincoln, regardless of if it's affordable housing or if you're using a HUD loan. Click to get a free insurance quote for your property — no obligation whatsoever.