Loan Programs Overview
Home Purchase, Refinance, and Home Improvement Loans Designed to Help You Build Equity
Whether you're buying your first home, renovating the one you already own, or refinancing to make important improvements, Neighborhood Finance Corporation offers flexible loan programs designed to make homeownership more affordable.
Unlike many traditional lenders, NFC combines competitive financing with forgivable renovation assistance, helping homeowners invest in their homes, build equity faster, and strengthen neighborhoods throughout Polk and Linn counties.
The NFC Loan helps homebuyers and homeowners improve homes while making ownership more affordable.
With a NFC Loan, you may be eligible for any of the following:
More Than a Loan…It's an Investment in Your Home
The NFC Loan combines a repayable mortgage with a forgivable home renovation loan of up to $15,000, helping qualified homeowners complete repairs and improvements while reducing overall borrowing costs.
Qualified homebuyers may also be eligible for up to $15,000 in down payment assistance, making homeownership even more attainable.
Available for homes located within NFC's lending areas.
Additional Program Offerings Include
Energy Advantage Upgrade Programs
Make energy-efficient home upgrades more affordable with flexible financing options for insulation, windows, heat pumps, solar, and more. Eligible homeowners can improve comfort, lower utility costs, and invest in a more sustainable home.Front Porch Exterior Repair Loan
Restore your home’s curb appeal and safety with financing for eligible exterior improvements, including porches, stairs, sidewalks, and other critical repairs. This program helps homeowners preserve both their property and their neighborhood.NFC + Invest DSM
The NFC + Invest DSM partnership provides additional financial assistance to eligible homebuyers and homeowners in targeted Des Moines neighborhoods. Together, these programs help make improving and staying in your home more affordable.Other Community Programs
Explore additional homeownership, renovation, and neighborhood revitalization programs offered through NFC and our community partners. Find resources and funding opportunities designed to support homeowners at every stage of their journey.Why Choose an NFC Loan?
Eligible Home Improvements
- Heating and cooling (HVAC)
- Electrical and plumbing upgrades
- Energy-efficiency improvements
- Insulation and weatherization
- Roofing replacement or repair
- Foundation repairs
- Windows and doors
- Exterior siding
- Sidewalks and driveways
- Drainage, grading, and erosion control
- Interior remodeling
- Kitchen and bathroom renovations
- Home additions
- Accessibility improvements
- Aging-in-place modifications
- Accessory Dwelling Units (ADUs)
- Garage construction or repair (maximum 24' × 24')
- Environmental repairs such as radon mitigation and mold mitigation
Important: Repairs and improvements cannot begin until your NFC loan has closed. NFC cannot reimburse work completed before closing.
All work must be completed by independent licensed contractors. Before work begins, homeowners are required to obtain contractor bids. Visit the Contractors Resource page to learn more about the complete requirements for the Bid Process.
How to Apply
Getting started is easier than you might think.
Meet with an NFC Loan Originator to discuss your goals, determine which loan program best fits your needs, and receive guidance throughout the application process.
Consultations are always free.
Application Deposit: $80 (non-refundable)