Loan programs
The city has three different loan options to make purchasing or improving homes more affordable. Each serve different needs in the home buying or home-ownership process. Click below to see a description about each program or visit NeighborWorks Homepartners to learn more and apply.
First-time Home-buyers down payment assistance program
- Up to $25,000 in down-payment assistance based on buyers income, compared to Area Mean Income (AMI)
- Low interest, paid back in monthly payments for buyers with incomes below 120% AMI
- Zero-interest, up to $10,000, for buyers at or below 80% AMI
More information can be found at NeighborWorks Home Partners.
| Family size |
80% AMI |
120% AMI |
| 1 |
$55,950 |
$89,500 |
| 2 |
$63,950 |
$102,300 |
| 3 |
$71,950 |
$115,100 |
| 4 |
$79,900 |
$127,850 |
| 5 |
$86,300 |
$138,100 |
| 6 |
$92,700 |
$148,300 |
| 7 |
$99,100 |
$159,800 |
| 8 |
$105,500 |
$168,800
|
Home improvement loan program
- Up to $40,000 based on homeowners income, compared to Area Mean Income (AMI)
- Low interest, paid back in monthly payments for buyers with incomes below 120% AMI - up to $40,000
- Zero-interest, up to $20,000, for buyers at or below 80% AMI
Visit NeighborWorks Home Partners
| Family size |
80% AMI |
120% AMI |
| 1 |
$55,950 |
$89,500 |
| 2 |
$63,950 |
$102,300 |
| 3 |
$71,950 |
$115,100 |
| 4 |
$79,900 |
$127,850 |
| 5 |
$86,300 |
$138,100 |
| 6 |
$92,700 |
$148,300 |
| 7 |
$99,100 |
$159,800 |
| 8 |
$105,500 |
$168,800 |
Manufactured home improvement program
- Low interest
- 10 year terms
These loans can be used to:
- Repair structural components
- Make energy-related improvements
- Bring homes up to state or local code.
More information can be found at NeighborWorks Home Partners
Additional resources
Visit NeighborWorks' website to learn more. NeighborWorks also offers a variety of workshops and one-on-one counseling.
Center for Energy and Environment's Lending Center
Offers financing to residential property owners for most rehabilitation and energy efficiency projects. Residents can access low-interest secured and unsecured financing for almost any home improvement project.