No other home loan or mortgage product offers the types of loans offered by NFC -- that is the NFC Advantage. If you're looking to purchase a home, refinance an existing home while making needed repairs to that home, or apply for a home improvement loan, then NFC has a product for you. For a purchase and refinance loan, the maximum 1st mortgage loan amount is $300,000 (up to 80% loan to value). Loan Committee approval is required for loans over $180,000. For a home improvement loan, the maximum mortgage loan amount is $180,000 (up to 95% loan to value).
Do you currently own a home in an NFC lending area and would like make some needed repairs or renovations to your home? NFC offers some of the area's most competitive fixed-interest rates for home improvement loans through a NFC Advantage Loan. NFC has a Refinance Loan Program if you are interested in refinancing your current mortgage and completing home repairs. Your mortgage loan originator can discuss both options with you during the loan application process. Our program is intended to improve neighborhoods and increase owner occupied home ownership; therefore, you must occupy the property.
Loans through NFC's Front Porch Program are available to homeowners in NFC lending areas seeking repairs to the exterior of their homes. The APR for a 2% loan is 2.574%. The APR for a 4% loan is 4.596%. The APR is based on the maximum loan term of 10 years, fully amortizing, and a maximum loan amount of $25,000. Here is a link to a short video with information eligible repairs for the Front Porch Loan Program. You will leave the NFC website. The Front Porch Loan Program includes a forgivable loan up to $10,000 for home improvements to be used with NFC repayable financing.
The following financial institutions invest in our loans through pool participations and provide money that is used for property repair and closing cost subsidies. Government sponsored entities buy whole loans from us.
We are thrilled that our Executive Director, Stephanie Murphy has been invited to the Iowa CDFI Panel for the virtual Community Development Financial Institutions: An Opportunity for Partnerships in Iowa and Nebraska held by The Office of the Comptroller of the Currency, the Federal Deposit...
Thank you to NeighborWorks America for the $467,500 in funding to support our renovation lending programs and Neighborhood Reinvest deferred down payment program.
Our leadership team is excited to learn how to increase community impact and further our mission of revitalizing neighborhoods from Dr. Stefanie Johnson, author of Inclusify: The Power of Uniqueness and Belonging to Build Innovative Teams. Thank you to NeighborWorks America for providing such a...
This week some of our staff joined NeighborWorks America teams from across to the U.S.A. to learn more about the impacts of unequal racial and economic policies that have impacted our lending areas for decades. One of the tools we learned about is the Mapping Inequality project. We are excited to...
NFC was created 31 years ago in response to the impact of redlining in neighborhoods. Our staff was fortunate to le… https://t.co/XmraSRDzC0
@Forbes recognized what we’ve known all along, Des Moines is a great place to buy a home! https://t.co/myDVxOseKC… https://t.co/hBlubyqpeu
On February 27, 1988 Debi Thomas became the first black athlete to win a medal at the Winter Olympics in any sport.… https://t.co/4UqZokcmUM
Home wasn’t built in a day! We can help you accomplish your home repair projects and get things back in working ord… https://t.co/CaparFOLut
On February 25, 1870 Hiram Rhodes Revels was sworn in as the first African American Senator. Revels only served for… https://t.co/ZEqqyzDeC8
Starting in the 1960s, Dorothy Mae Richardson created a new model of community development centered on the rights… https://t.co/nu4veJb9BA
Similar Businesses
