Special offer

Neighborhood Finance Corporation offers home improvement financing in West Des Moines

By
Real Estate Agent with RE/MAX Concepts

The Neighborhood Finance Corporation, a non-profit organization long dedicated to improving the quality of housing in Des Moines has begun to offer its home improvement financing program in select areas of West Des Moines.

The great thing about NFC's home improvement financing is that they offer a $10,000 forgivable grant for qualified repairs. Repairs that qualify are major repairs or those for health or safety problems such as repairing or replacing roofs, foundations, siding, garages, sidewalks and driveways, windows, furnaces, plumbing, electrical systems, functional landscaping, energy efficiency and independence measures.

The program is subject to the following restrictions:

  • Must live in the designated area
  • Must be an owner occupant
  • Must have owned the home for one year
  • Must have repairs qualified by an NFC inspection
  • Home cannot have received a subsidy even with previous owner

Another great thing about the program is that there are no income limits however you must live in the area bounded by EP.True-Railroad on the south, 63rd-1st on the east, 35th St-Valley Drive on the west and 1-235 on the north, with the exception of the Country Club area bordered by 22nd St. west, University north and 73rd on the east.

If you're lucky enough to live in one of these areas you've got nothing to lose by applying. The loan is forgiven at 20% per year and if only $10,000 is used the the entire amount is forgiven in 5 years. If you decide to move before the period is over, you'd just payback a prorated portion.

For more information or to apply call the NFC at 515-246-1000

Information supllied is believed to be accurate by should not be relied upon without verification

 

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