FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.697% APR and $3,756 monthly payment at 70% loan-to-value (LTV) and 1.898 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.138% APR and $3,715 monthly payment at 70% loan-to-value (LTV) and 1.820 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.080% APR and $4,489 monthly payment at 70% loan-to-value (LTV) and 2.013 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.430% APR and $3,774 monthly payment at 70% loan-to-value (LTV) and 2.162 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.461% APR and $9,140 monthly payment at 70% loan-to-value (LTV) and 1.925 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 1.74% effective rate for Douglas County, Nebraska, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $8,302 for Omaha, NE, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.862% APR and $3,786 monthly payment at 70% loan-to-value (LTV) and 2.415 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.294% APR and $3,757 monthly payment at 70% loan-to-value (LTV) and 2.355 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.362% APR and $4,538 monthly payment at 70% loan-to-value (LTV) and 2.359 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.674% APR and $3,834 monthly payment at 70% loan-to-value (LTV) and 2.272 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $9,140 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 1.74% effective rate for Douglas County, Nebraska, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $8,302 for Omaha, NE, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
Estimated monthly payment includes principal, interest, estimated Omaha, NE property taxes, and estimated homeowners insurance.
In Omaha, homes are selling in about 34 days (1 faster than a year ago), sales are down 4.1% from last year, and about 17% of listings have had a price cut.
Monthly payments on Omaha's median home price of $310,000 (September 2026), at today's rates.
20% down · Conventional
$2,812/mo
Down payment
$62,000
Loan amount
$248,000
Rate
7.125%
Principal & interest
$1,671
Est. property tax
$450
Est. homeowners insurance
$692
5% down · Conventional
$3,126/mo
Down payment
$15,500
Loan amount
$294,500
Rate
7.125%
Principal & interest
$1,984
Est. property tax
$450
Est. homeowners insurance
$692
3.5% down · FHA
$3,141/mo
Down payment
$10,850
Loan amount
$304,385
Rate
6.875%
Principal & interest
$2,000
Est. property tax
$450
Est. homeowners insurance
$692
Payments include principal, interest, estimated Omaha property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues.
The FHA loan amount includes the 1.75% upfront mortgage insurance premium.
These are examples based on the median price, not the sample loan used in the rate table above.
How much income do you need to buy a home in Omaha?
A common lender guideline is to keep your total housing payment (principal, interest, estimated Omaha property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Omaha's $310,000 median home:
20% down · Conventional$2,812/mo payment$120,524/yrabout $10,044/mo before taxes
5% down · Conventional$3,126/mo payment$133,950/yrabout $11,163/mo before taxes
3.5% down · FHA$3,141/mo payment$134,614/yrabout $11,218/mo before taxes
Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.
What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.
Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.
How rates change your payment
Principal and interest on a $248,000 loan (the Omaha median price with 20% down). Every 0.25% is worth about $42/mo.
Rate
6.13%
6.38%
6.63%
6.88%
7.13% today
7.38%
Monthly P&I
$1,507
$1,547
$1,588
$1,629
$1,671
$1,713
Ways to make a Omaha home more affordable
Negotiate on price. About 17% of Omaha listings have had a price cut, so many sellers are open to offers.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $83 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.
Omaha mortgage and home buying FAQs
What are mortgage rates in Omaha today?
As of October 9, 2026, Lower’s 30-year fixed conventional rate in Omaha is 7.125% (7.430% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.
What is the monthly payment on a median-priced home in Omaha?
On Omaha’s $310,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,812 a month, including principal, interest, estimated Omaha property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,141 a month before monthly mortgage insurance.
How much income do I need to buy a house in Omaha?
To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $120,524 a year to buy Omaha’s $310,000 median home with 20% down, or about $134,614 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.
How much do I need for a down payment in Omaha?
On the $310,000 median home, 20% down is $62,000, 5% down is $15,500, and the FHA minimum of 3.5% is $10,850. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.
Is it a buyer’s or seller’s market in Omaha right now?
In September 2026, Omaha homes sold in about 34 days, 1 days faster than a year earlier. 2130 homes sold, down from 2221 the year before, and about 17% of the 2210 homes for sale have had a price cut.
How much does a quarter-point rate change affect payments in Omaha?
On a $248,000 loan (the median Omaha home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $42 a month, or about $500 a year.
How much are property taxes in Omaha?
Lower estimates Omaha property taxes at about 1.74% of a home’s value per year. On the $310,000 median home, that’s roughly $5,394 a year, or $450 a month. Your actual bill depends on your assessed value and any exemptions.
Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Omaha from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.
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