Neighborhood Finance Corporation

Loan Process & Application

Start Your Loan Application

Buying a home or planning improvements should feel exciting, not overwhelming. NFC’s loan process is designed to be supportive and straightforward, whether you’re a first‑time homebuyer or a long‑time homeowner making updates for comfort, safety, or energy efficiency.

Here’s how to get started.

Step 1 — Check Your Address

Because NFC’s programs are neighborhood-based, your address determines which loan options you may qualify for.

Use the Home Locator Tool to confirm whether your current home or the home you’re considering is located within an NFC Lending Area.

Check Address

Step 2 — Connect With NFC

Once you know your lending area, reach out to our team to discuss your goals. We’ll help you understand:

  • Which loan programs fit your needs
  • First‑time homebuyer options
  • Renovation or repair financing
  • Partner programs like Invest DSM
Contact NFC

Step 3 — Complete Your Application

Once you’re ready to apply, gather the documents needed to verify your eligibility. This typically includes income information, credit details, property information, and, if you’re planning improvements, any renovation plans. Submitting a complete application helps us review your loan options quickly and keep your process moving.

Polk County

Serving areas of Des Moines, Urbandale and West Des Moines.

Linn County

Serving the City of Cedar Rapids.

What Happens After You Apply

Once your application is submitted, an NFC loan originator begins a review and evaluation process and will conduct a property inspection to identify required repairs, safety needs, and eligible improvements. This ensures your project aligns with NFC guidelines and program requirements. After the inspection, your loan originator reviews your application, confirms eligibility, and discusses your approved loan amount, forgivable or deferred options, and any renovation requirements.

When everything is finalized, you’ll move to closing, and from there, you can begin your renovation or proceed with your home purchase. NFC stays connected throughout the process to support you every step of the way.

Current Interest Rates

NFC offers competitive interest rates designed to support homeowners and first‑time buyers across our lending areas. Rates vary by program and are updated regularly. Review the current rates to understand what may apply to your loan.
View Current Interest Rates