Home Improvement Financing

NeighborWorks Great Falls is able to offer home improvement loans to homeowners and landlords through a multitude of partnerships with other Great Falls organizations. Home improvement financing may include repair of water or sewer lines, roof repair, plumbing and heating or accessibility features.  Details of Amortizing, Deferred, and CDBG loans are outlined below.                                  

NeighborWorks Amortizing Loans

  • No income restrictions
  • Max. 180 month term
  • 3% - 6.5% interest rate
  • Must be used in Cascade County 
  • Must own and live in home

 

City of Great Falls Deferred Loan

  • Deferred Loan
  • 0% interest rate
  • Income restrictions
  • Must be used in the city of Great Falls
  • Payments begin when 1st mortgage is paid off
  • Must own and live in home

 

NeighborWorks CDBG Loans

  • Amortizing or deferred options
  • 0% interest rate
  • Income restrictions
  • Max. 180 month term
  • Funds can be used outside the city, but within Cascade County 
  • Funds can be used for repairs and replacement for homes on owned or leased land

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