Polk County DPA Participating Lenders

Polk County Down Payment Assistance

In order for eligible homebuyers to receive a $30,000 Polk County Down Payment Assistance deferred loan, it must be paired with a fixed-rate mortgage from NFC or another Participating Lender. The Participating Lender will provide an eligible fixed-rate first mortgage.

Participating Lenders

Click on the links below to their websites for complete contact information.

Availa Bank

Bankers Trust

Central Bank

CMG Mortgage

Community State Bank

Fairway Mortgage

Fortress Bank

Guaranteed Rate

Guild Mortgage

Greater Des Moines Habitat For Humanity

HomeServices Lending

Iowa State Bank

Key Mortgage Group

Lincoln Savings Bank

New American Funding

Neighborhood Finance Corporation

Northwest Bank

Two Rivers Bank & Trust

US Bank

Veridian Credit Union

Wintrust Mortgage


NFC is not taking applications from Participating Lenders at this time as we focus on launching the program and serving homebuyers.  If your financial institution meets the criteria below, please email Stephanie Murphy and she will send an initial email. We are maintaining a waiting list and will reach out to all lenders that meet the initial eligibility criteria by August 1, 2023. Initial eligibility criteria: (1) office with staff in Polk County that is open to customers; (2) 10% or more of 1st mortgage home purchase loans were to low and moderate income borrowers in 2019, 2020 or 2021 (HMDA Data); (3) the loans that will be closed in tandem with the Polk County DPA program will be serviced by your institution, IBMC, through the Iowa Finance Authority (IFA) or by an Iowa-based servicer; and (4) the loans that will be closed in tandem with the Polk County DPA program will be fixed rate, 30 year, fully amortizing first mortgages.

Realtors that want to learn more about the program may reach out to Terry Gearhart, NFC’s VP of Lending.  

*What is a Deferred Loan? A NFC deferred loan does not have to be repaid until the home is sold, is no longer your primary residence, or in some instances, when the home is refinanced. There are no payments or interest, though you may choose to pay an extra amount on your repayable mortgage. A NFC Loan Originator can provide you with additional information. Click here for the deferred loan flyer. If you have questions about when NFC will subordinate a loan, please visit the Subordination Guidelines page of the NFC website.