NFC Advantage Loan Programs

Improve Your Home While Building Equity

The NFC Advantage Loan helps homebuyers and homeowners improve homes while making ownership more affordable.

With NFC Advantage, you can:

  • Buy a home and complete repairs or renovations at the time of purchase
  • Refinance your home and complete needed repairs
  • Finance improvements to a home you already own

The NFC Advantage Loan combines an NFC repayable loan with a forgivable renovation loan of up to $15,000 to help pay for home improvements.

Some homebuyers may also qualify for down payment assistance of up to $15,000.

Homes must be located in an NFC lending area.

NFC Advantage Program Benefits

Forgivable Renovation Loan – up to $15,000

Homebuyers and homeowners may receive up to $15,000 for repairs or renovations. This loan is forgiven over five years if the homeowner continues to live in the home.

Each year, 20% of the loan is forgiven. After five years, the loan is fully forgiven.

Down Payment Assistance – up to $15,000

Qualified homebuyers may receive a 0% interest (0% APR) loan of up to $15,000 to help with their down payment.

This loan is deferred, which means no monthly payments are required and it will be paid back when the home is sold or the homeowner completes a cash-out refinance.