Neighborhood Finance Corporation
Welcome to the Neighborhood Finance Corporation (NFC) website. NFC is a not-for-profit mortgage bank that makes mortgage loans to qualified applicants.
NFC Mission:
NFC provides unique lending programs and other services to facilitate neighborhood revitalization in Polk County, Iowa through partnerships with residents, governments, community based organizations and the business community.
NFC Offers:
- Purchase Loans (buying a home)
- Refinance Loans
- Home Improvement Loans
- Home Buyer Education and Counseling
- NFC Properties LLC
- Spanish interpretation available
What is the NFC Advantage?
- Forgivable loans for home improvements with every mortgage loan.
- The subsidy (forgivable loan) of up to $10,000 is used to help pay for property repairs and improvements.
- Eligible home buyers also receive a subsidy (forgivable) up to $2,500 to assist with down payment and/or closing costs on a purchase transaction.
- Because these subsidies are paired with your NFC loan, you can do more than if you obtained a traditional loan elsewhere. Your loan works harder for you at NFC.
This program is made possible through partnerships with the City of Des Moines, Polk County, Des Moines Area Banks and Neighborhood Associations. Together we are improving Des Moines neighborhoods.
