Neighborhood Finance Corporation – Cedar Rapids

A Public-Private Partnership to Encourage Home Ownership and Neighborhood Revitalization in Cedar Rapids

Since 1990, Neighborhood Finance Corporation(NFC), a not-for-profit and licensed Iowa mortgage lender, has provided thousands of home buyers and homeowners with financing to purchase a home, refinance a home, or remodel a home.

THE CITY OF CEDAR RAPIDS IS EXCITED TO BRING THIS UNIQUE FINANCING OPTION TO OUR RESIDENTS STARTING IN FALL 2018!

To be notified when loan applications are being accepted, please sign-up for our e-newsletter.  

Through a partnership of the City of Cedar Rapids, local financial institutions and private businesses, NFC-Cedar Rapids was incorporated in March 2018. An NFC- Cedar Rapids office will open in Fall 2018.  Together we are improving Cedar Rapids neighborhoods.

NFC OFFERS: 

Note: We invite you to read more about our loan programs on the NFC- Des Moines web site.  Again, these same loans will be available for homes in targeted Cedar Rapids neighborhoods (see map below), however, they will not be available until Fall of 2018. Check back for updates or SIGN-UP to receive e-mail notifications once the program is up and running in Cedar Rapids. 

Link to NFC Cedar Rapids Lending Area Map

PURCHASE LOANS

NFC provides home mortgage loans to individuals seeking to purchase a home in one of the NFC-CR lending areas (see map below). Borrowers may also receive up to $12,500 in additional subsidized loans which are forgivable after 5 years of owning the home. Read more . . .

REFINANCE LOANS 

NFC-CR may also help you save money by refinancing an existing mortgage in a home you already own in an NFC-CR lending areas (see map below). Read more . . . 

HOME IMPROVEMENT LOANS

Make home repairs to a home within a NFC-CR lending area (see map below). The forgivable portion is determined by your household income compared to the median income for Cedar Rapids. Read more . . . 

THE FRONT PORCH HOME IMPROVEMENT LOAN

Loans through NFC’s Front Porch Program are available to homeowners in NFC-CR lending areas (see map below) seeking repairs to the exterior of their homes. Read more . . . 

THE NFC ADVANTAGE

Our forgivable loan subsidies are paired with our standard NFC home mortgage to give you even greater buying power. Your loan works harder for you at NFC. Read more . . . 

QUESTIONS

For questions prior to the Cedar Rapids office opening in Fall 2018, please call 515-246-0010.