Omaha ranks in top five of first time homebuyers

Omaha ranks in top five of first time homebuyers

Omaha is a good place to buy your first home. At least that's what a new study says.

It calls Omaha the third best city in the country for first-time homebuyers.

For first-time homebuyer Chelsea O’Conner, it’s all coming together.

She said, "We looked for several months, we probably looked for a dozen, we tried to look at more but they were selling so fast."

So she tried something different. She looked into loan options to build a house instead

“We went in to talk to them, I think we were approved two days later, so it was very quick,” she said.

According to the recent findings of the Smart Asset Survey, Omaha has one of the highest rates for loan funding.

  • A 1,500-square foot home could cost you $160,000.
  • A 2,500-square-foot home could cost about $267,000.
  • A 3,000-square foot could be roughly $321,240.

"Omaha has a diverse housing stock, there's a different level of housing that is available, especially for first-time homebuyers to purchase," said program coordinator Jerry Dantzler.

O'Conner said, "Take your time, think about it, see a lot of houses."

Because she says there is a home for everyone in Omaha.

The study also says 84 percent of all loans for smaller homes are being approved.

That's because you can buy most small homes for a lot less than bigger homes, and that approval rate is one of the country's highest.

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