Business Details
Trusted Home Loan Programs in Iowa
Neighborhood Finance has dedicated itself to transforming communities through innovative lending solutions and neighborhood revitalization initiatives. Since our founding, we have partnered with residents, local governments, and community organizations to create sustainable homeownership opportunities across Polk County and Cedar Rapids, Iowa. Our specialized mortgage programs combine repayable and forgivable loans, providing critical financial support for home purchases, renovations, and energy-efficient upgrades. As a Chartered Member of NeighborWorks America, we maintain rigorous industry standards while offering tailored loan options with no income restrictions. Our team of certified loan originators brings decades of combined experience in affordable housing finance, ensuring clients receive expert guidance throughout the lending process.Through strategic partnerships with financial institutions and neighborhood associations, we've facilitated thousands of successful home transactions while maintaining transparent operations and ethical lending practices. Our commitment to community development is demonstrated through our Energy Advantage program, which promotes sustainable home improvements, and our 0% construction loans for multifamily developments. With offices in Des Moines and Cedar Rapids, we serve both first-time homebuyers and existing homeowners seeking to improve their properties through our comprehensive lending portfolio.
Services
Home Purchase Loans
Refinance Loans
Home Improvement Loans
Exterior Repair Loans
Down Payment Assistance
Commercial Lending
0% Construction Loans
Multifamily Lending
Highlights and features
- We offer forgivable loans up to $15,000 for home repairs in Cedar Rapids
- Provide paired loan programs combining repayable and forgivable funds
- Specialize in energy-efficient home improvement financing options
- Partner with 6 Iowa municipalities for neighborhood revitalization
- Offer no-income-restriction mortgage programs for homebuyers
Associations and certifications
- NeighborWorks America
What people say
Smoothest loan process
Very quick to respond
Good communication
Helpful staff
Great experience
Services
Home Purchase Loans
Our home purchase loans help buyers acquire properties in designated lending areas with paired financing options. Borrowers receive standard mortgages combined with forgivable loans up to $15,000 for repairs. The program supports first-time homebuyers through partnerships with Iowa municipalities and neighborhood associations.
Home Improvement Loans
These loans finance property upgrades with forgivable components based on income levels. Funds cover critical repairs to heating systems, roofs, foundations, and energy efficiency improvements. The program requires occupancy for five years to qualify for full loan forgiveness.
Down Payment Assistance
Our down payment programs provide deferred loans up to $10,500 with additional subsidies for closing costs. These funds work in conjunction with primary mortgages to increase buying power for eligible homebuyers in specific Iowa communities.
Exterior Repair Loans
Specialized loans target exterior home improvements in designated lending areas. The program covers garage construction, siding replacement, and driveway repairs to enhance neighborhood aesthetics while maintaining property values.
0% Construction Loans
Commercial lending program offers zero-interest loans for new construction projects. Partnerships with local builders support multifamily developments and single-family home construction in targeted revitalization zones.
People
Kari Vitzthum
Loan Originator
Kari Vitzthum specializes in home purchase loans for Des Moines area buyers. With NMLS certification and extensive local market knowledge, she helps clients navigate NFC's unique mortgage programs to achieve homeownership goals.
Troy Bothwell
Loan Originator
Troy Bothwell provides mortgage lending expertise to West Des Moines and Urbandale residents. His experience with NFC's paired loan programs helps buyers maximize their purchasing power through combined repayable and forgivable financing options.
Bryce Dake
Loan Originator
Bryce Dake serves Cedar Rapids homebuyers with specialized knowledge of NFC's forgivable loan programs. He assists clients with purchase, refinance, and renovation loans tailored to eastern Iowa's housing market needs.
Zack Lacquement
Real Estate Development Program Manager
Zack Lacquement oversees NFC Properties' home acquisition and renovation projects. He manages new construction developments and coordinates property sales for NFC's real estate investment initiatives across Iowa.
Questions
What loan programs does NFC offer?
NFC provides home purchase, refinance, home improvement, and exterior repair loans with forgivable components. We also offer down payment assistance and commercial lending programs for property developments.
How do I apply for a loan?
Complete our online application for Des Moines area loans here or Cedar Rapids applications here. Our loan originators will guide you through document submission and approval processes.
Are there income restrictions for NFC loans?
Our standard mortgage programs have no income restrictions. However, forgivable loan components may have specific eligibility requirements based on household income levels.
What areas do you serve?
We serve Polk County, Cedar Rapids, Des Moines, West Des Moines, Windsor Heights, and Urbandale. Use our HOME LOCATOR tool to verify specific property eligibility.
Can I get down payment assistance?
Yes, eligible buyers can receive deferred loans up to $10,500 with additional subsidies for closing costs when paired with NFC's primary mortgage programs.
What home repairs qualify for financing?
Qualifying repairs include heating/AC systems, plumbing, roofing, foundation, windows, doors, garages, and energy efficiency improvements. Work must be completed post-loan closing.
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