Key Terms
- Jumbo loans allow borrowers to borrow more than with conventional mortgages.
- Borrowers can put less money down than with conventional loans, too, in many cases.
- A jumbo loan combines all the financing for a more expensive property in one loan.
Nebraska is an ideal place to live for those Americans who covet “small town” life. Even in the bigger cities, you can still create the quality of life you might have in a much smaller place. When you combine that with Nebraska’s famous friendliness, this state is a great place to live.
As is the case in many states across the nation, however, buying a home in Nebraska is pricier than ever, especially for Nebraskans who want a larger or more modern home with the full amenities. According to the Nebraska Realtors Association, the average price for a home in the state is $200,000.
For the most recent year, the HDMA data places Nebraska 40th in the country in terms of mortgage origination activity, with a total of $458 million in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Nebraska, you have many opportunities waiting for you.
What is the jumbo loan limit in Nebraska?
The jumbo loan limit in Nebraska is $726,200 for all counties in the state. Any loan that exceeds $726,200 is a jumbo loan in the state of Nebraska. Any loan that is less than $726,200 is a conforming loan in the state of Nebraska.
Nebraska Jumbo Loan Limits (September 2023)
Nebraska county-by-county jumbo loan, conforming loan and FHA loan limits.
Nebraska County | Nebraska Jumbo loan (1-unit) | Nebraska Conforming loan limit (1-unit) | Nebraska FHA loan limit (1-unit) |
---|---|---|---|
Adams | $726,200+ | $726,200 | $420,680 |
Antelope | $726,200+ | $726,200 | $420,680 |
Arthur | $726,200+ | $726,200 | $420,680 |
Banner | $726,200+ | $726,200 | $420,680 |
Blaine | $726,200+ | $726,200 | $420,680 |
Boone | $726,200+ | $726,200 | $420,680 |
Box Butte | $726,200+ | $726,200 | $420,680 |
Boyd | $726,200+ | $726,200 | $420,680 |
Brown | $726,200+ | $726,200 | $420,680 |
Buffalo | $726,200+ | $726,200 | $420,680 |
Burt | $726,200+ | $726,200 | $420,680 |
Butler | $726,200+ | $726,200 | $420,680 |
Cass | $726,200+ | $726,200 | $420,680 |
Cedar | $726,200+ | $726,200 | $420,680 |
Chase | $726,200+ | $726,200 | $420,680 |
Cherry | $726,200+ | $726,200 | $420,680 |
Cheyenne | $726,200+ | $726,200 | $420,680 |
Clay | $726,200+ | $726,200 | $420,680 |
Colfax | $726,200+ | $726,200 | $420,680 |
Cuming | $726,200+ | $726,200 | $420,680 |
Custer | $726,200+ | $726,200 | $420,680 |
Dakota | $726,200+ | $726,200 | $420,680 |
Dawes | $726,200+ | $726,200 | $420,680 |
Dawson | $726,200+ | $726,200 | $420,680 |
Deuel | $726,200+ | $726,200 | $420,680 |
Dixon | $726,200+ | $726,200 | $420,680 |
Dodge | $726,200+ | $726,200 | $420,680 |
Douglas | $726,200+ | $726,200 | $420,680 |
Dundy | $726,200+ | $726,200 | $420,680 |
Fillmore | $726,200+ | $726,200 | $420,680 |
Franklin | $726,200+ | $726,200 | $420,680 |
Frontier | $726,200+ | $726,200 | $420,680 |
Furnas | $726,200+ | $726,200 | $420,680 |
Gage | $726,200+ | $726,200 | $420,680 |
Garden | $726,200+ | $726,200 | $420,680 |
Garfield | $726,200+ | $726,200 | $420,680 |
Gosper | $726,200+ | $726,200 | $420,680 |
Grant | $726,200+ | $726,200 | $420,680 |
Greeley | $726,200+ | $726,200 | $420,680 |
Hall | $726,200+ | $726,200 | $420,680 |
Hamilton | $726,200+ | $726,200 | $420,680 |
Harlan | $726,200+ | $726,200 | $420,680 |
Hayes | $726,200+ | $726,200 | $420,680 |
Hitchcock | $726,200+ | $726,200 | $420,680 |
Holt | $726,200+ | $726,200 | $420,680 |
Hooker | $726,200+ | $726,200 | $420,680 |
Howard | $726,200+ | $726,200 | $420,680 |
Jefferson | $726,200+ | $726,200 | $420,680 |
Johnson | $726,200+ | $726,200 | $420,680 |
Kearney | $726,200+ | $726,200 | $420,680 |
Keith | $726,200+ | $726,200 | $420,680 |
Keya Paha | $726,200+ | $726,200 | $420,680 |
Kimball | $726,200+ | $726,200 | $420,680 |
Knox | $726,200+ | $726,200 | $420,680 |
Lancaster | $726,200+ | $726,200 | $420,680 |
Lincoln | $726,200+ | $726,200 | $433,550 |
Logan | $726,200+ | $726,200 | $433,550 |
Loup | $726,200+ | $726,200 | $420,680 |
Mcpherson | $726,200+ | $726,200 | $433,550 |
Madison | $726,200+ | $726,200 | $420,680 |
Merrick | $726,200+ | $726,200 | $420,680 |
Morrill | $726,200+ | $726,200 | $420,680 |
Nance | $726,200+ | $726,200 | $420,680 |
Nemaha | $726,200+ | $726,200 | $420,680 |
Nuckolls | $726,200+ | $726,200 | $420,680 |
Otoe | $726,200+ | $726,200 | $420,680 |
Pawnee | $726,200+ | $726,200 | $420,680 |
Perkins | $726,200+ | $726,200 | $420,680 |
Phelps | $726,200+ | $726,200 | $420,680 |
Pierce | $726,200+ | $726,200 | $420,680 |
Platte | $726,200+ | $726,200 | $420,680 |
Polk | $726,200+ | $726,200 | $420,680 |
Red Willow | $726,200+ | $726,200 | $420,680 |
Richardson | $726,200+ | $726,200 | $420,680 |
Rock | $726,200+ | $726,200 | $420,680 |
Saline | $726,200+ | $726,200 | $420,680 |
Sarpy | $726,200+ | $726,200 | $420,680 |
Saunders | $726,200+ | $726,200 | $420,680 |
Scotts Bluff | $726,200+ | $726,200 | $420,680 |
Seward | $726,200+ | $726,200 | $420,680 |
Sheridan | $726,200+ | $726,200 | $420,680 |
Sherman | $726,200+ | $726,200 | $420,680 |
Sioux | $726,200+ | $726,200 | $420,680 |
Stanton | $726,200+ | $726,200 | $420,680 |
Thayer | $726,200+ | $726,200 | $420,680 |
Thomas | $726,200+ | $726,200 | $420,680 |
Thurston | $726,200+ | $726,200 | $420,680 |
Valley | $726,200+ | $726,200 | $420,680 |
Washington | $726,200+ | $726,200 | $420,680 |
Wayne | $726,200+ | $726,200 | $420,680 |
Webster | $726,200+ | $726,200 | $420,680 |
Wheeler | $726,200+ | $726,200 | $420,680 |
York | $726,200+ | $726,200 | $420,680 |
3 Top Nebraska jumbo loan lenders
If you’re ready to learn more about the best jumbo mortgage lenders in Nebraska, here are the top options we’ve found through our research.
1. Huntington Bank
Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive physician loan product with no money down financing options.
We contacted a loan officer at Huntington Bank to gather information about the doctor mortgage and here’s what we heard back:
- Loan amounts up to $2.5 million
- Purchase and refinance available
- Refinancing allows you to take up to $750,000 of equity out of your home.
- Second homes are eligible
- Multi-unit properties are eligible
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
2. SoFi
SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.
We spoke to a loan officer at SoFi to discuss their jumbo loan mortgage and this is what we learned:
- Loan amounts up to $3 million
- Down payments start at 10% and increase as the loan amount increases.
- No PMI, regardless of your down payment amount.
- 15-year or 30-year fixed rate products available
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances. Discuss other home loan issues like mortgage rates with your lenders, too.
3. Flagstar Bank
Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.
We reached out to a loan officer at Flagstar Bank to get details on their jumbo mortgage. Here are the highlights:
- Loan amounts up to $3 million on primary residences
- Loan amounts up to $2.5 million on second homes
- Purchase and rate/term refinance options available on primary residences and second homes
- No prepayment penalties
- First-time homebuyers permitted
- No mortgage insurance options available
- Cash-out options available on primary residence
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Benefits of a getting a jumbo loan in Nebraska
For those who are not yet familiar with jumbo loans, these financial products are mortgages that let you borrow more than conventional loans do. This brings with it a lot of benefits, including:
- Making Homes More Affordable: One of the top benefits of getting a jumbo loan in Nebraska is that it helps Nebraskans afford homes that might be out of reach with a conventional mortgage. Buyers with good credit but average incomes often qualify for these loans.
- Lower Down Payments: While lenders often prefer 20% of the cost of the home as a down payment on traditional mortgages, jumbo loans often require far less money down. Some borrowers may even enjoy down payments as low as 5 percent.
- A Single Loan to Finance: One of the major downsides of going the conventional route is that borrowers often have to put several mortgages together to cover the cost of more expensive properties. A jumbo loan lets you finance the same amount under a single loan.
Some of the limitations of FHA loans or VA loans, especially when it comes to purchase price, lead people to explore jumbo loans instead.
Does a Nebraska jumbo loan make sense for you?
There are several reasons a Nebraska jumbo loan may make sense for you. If you are a Nebraska resident looking to purchase hundreds of acres or a home in a more expensive region of the state, one of these loans make financing that purchase much easier. The one catch is that you need to have good credit, so make sure your credit is in great shape before taking out one of these loans. If you have big balances on credit cards, pay them down in advance of applying for an adjustable rate mortgage or a jumbo loan.
When taking on a jumbo loan, you also need to be comfortable paying a higher interest rate. Banks need to protect their interests with these larger loans, so be prepared to pay a bit more, in this respect. Make sure you are okay with a long approval process, as well; a jumbo loan in Nebraska makes good sense for those who aren’t in a rush and are willing to take part in some extensive due diligence. There are calculators you can use to determine if you can afford the mortgage rates and mortgage payment on the property you’re looking at on the NMLS. Although there are other loan options, many of them come with conforming loan limits for real estate.
Depending on your loan type, this will influence things like your rate, loan term, and the opportunity to revisit refinance rates in the future. If a typical FHA mortgage is just not an option for you, look into a non conforming loan or jumbo loan as an alternative.
When doing your research, make sure you connect with individual loan officers to discuss mortgage interest rates, the preferred debt-to-income ratio, your monthly payment, and more. This will help you decide if a jumbo loan is the right fit for you. Mortgage lenders can also connect you with mortgage calculators for a non-conforming loan.
Need a jumbo loan in a different state?
If you want to find the best jumbo loans in other states, click on your state below.

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.