Neighborhood Finance Corporation (NFC) Home Improvement Loan Program
Neighborhood Finance Corporation offers affordable loans to repair your home, with up to $10,000 forgivable every 10 years.
Serves select parts of Des Moines, West Des Moines, Windsor Heights and Urbandale in NFC's lending areas. See website for details.
What can the program do?
Funds can be used for almost any home improvement as long as the health and safety items are done. No general landscaping, pools or spas.
Who is eligible?
No income limit applies, but the applicant must be able to qualify for a repayable loan. Generally this will require a credit score above 600 (exceptions apply); debt to income 43%, combined loan to value (LTV) 125% for all property liens. Contact NFC for more details.
What other policies apply?
Amount of loan is determined by the homeowner's needs and ability to borrow. An application fee applies. Details are available at https://neighborhoodfinance.org/des-moines-area-application/. NFC offers products that can be forgiven and others that may require repayment. Up to $10,000 forgiveable funds are available every 10 years, but other programs with subsidy are available more often. Contact NFC for additional details.
Where are applications taken?
Apply online or in person at 4908 Franklin Avenue, Des Moines.
Provided by Neighborhood Finance Corporation.
Use these buttons to browse through other Owner Occupied Home Repair Programs listed in our guide.
Individual program policies and guidelines are subject to change. Always contact an individual program directly for complete information about their rules.