Neighborhood Finance Corporation Program

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NEIGHBORHOOD FINANCE CORPORATION STARTS LENDING IN WEST DES MOINES
August 2016

West Des Moines is excited to once again partner with Neighborhood Finance Corporation (NFC).  Homes in select areas of West Des Moines will now qualify for purchase, refinance and home improvement loans offered by the NFC.  The focus will be on properties with eligible repairs and projects as determined by NFC. Qualifying repairs include, but are not limited to:

  • Update of aged or unsafe heating, air conditioning, electrical and plumbing systems
  • Roof repair or replacement
  • Foundation repair
  • Exterior siding repair or replacement and paint
  • Window and door repair or replacement (if in poor condition repair or for energy efficiency)
  • New garage, garage repair or replacement (maximum 2 car garage, 24' X 24')
  • Energy efficiency (insulation, windows, mechanical upgrades)
  • Access/architectural barrier removal and wheelchair or mobility assistive device
  • Sidewalk and driveway repair or replacement
  • Functional landscaping (grading and retaining walls for water and erosion control, significant tree removal or trimming)

To determine if your property is eligible for the loans available, please refer to the map here or visit the NFC web site at www.neighborhoodfinance.org, click on Lending Area Maps and enter your address in the NFC Locator form (be sure to change the city to West Des Moines). On the website, your property must be located in one of the West Des Moines Lending Areas on the map (West Des Moines areas are in yellow) to be eligible and the $10,000 forgivable funds have not been used on the property in the last 10 years.  Qualified homebuyers may receive up to $2,500 closing cost and down payment assistance. 

 You may also contact NFC directly at 515-246-0010 for more information.