See programs you qualify for

Get Matched Free →

NFC Advantage Purchase Loan

Administered by:
Neighborhood Finance Corporation
· Nonprofit · Forgivable Loan
Funding status: Active

How much assistance

First mortgage up to $250,000, second mortgage up to 15% LTV, plus forgivable renovation loan up to $10,000
The $10,000 renovation portion is forgivable over the life of NFC financing when used to purchase a home in a designated NFC lending area.

Eligibility

  • Income limits: Varies. Contact NFC for current limits.
  • Purchase price limit: $250,000
  • First-time buyer required: No
  • Geographic restrictions: Property must be in a designated NFC lending area (primarily Polk and Linn counties).
  • Homebuyer education required: Yes

How to Apply for NFC Advantage Purchase Loan

Contact Neighborhood Finance Corporation at 515-246-0010 for the Des Moines area. NFC will underwrite the first and second mortgage and coordinate the renovation funding at closing.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (3 cities across 1 state)