Home Improvement Loans
Home Improvement Loans are available to residents of Bannock, Bingham and Power Counties, with special emphasis on low-to-moderate income applicants who earn less that 115% of area median income (as shown on the scale below). Interest rates are contingent upon income level.
| Home Improvement Loan | 1 Person | 2 People | 3 People | 4 People | 5 People | 6 People | 7 People | 8 People |
| Bannock Co. | $58,765 | $67,160 | $75,555 | $83,950 | $90,666 | $97,382 | $104,098 | $110,814 |
| Bingham Co. | $57,880 | $66,148 | $74,417 | $82,685 | $89,300 | $95,915 | $102,529 | $109,144 |
| Power Co. | $53,613 | $61,272 | $68,931 | $76,590 | $82,717 | $88,844 | $94,972 | $101,099 |
NeighborWorks® Pocatello can facilitate your Home Improvement loan from start to finish. We not only provide the financing, we can secure bids from contractors who are licensed, bonded and insured and carry all applicable environmental certifications. Additionally, we help you identify hidden health and safety issues in your home.
Down Payment/Closing Cost Assistance
- Must be in Bannock, Bear Lake, Bingham, Bonneville, Caribou, Franklin, Oneida, or Power Counties
- Income limited to 115% of median income (based on household size)*
- Liquid Assets less than $15,000
- Borrower does not have to be first time homebuyer
- HomeBuyer Education class offered by NeighborWorks® Pocatello must be completed
- Borrower to contribute $500 of their own money (earnest money can satisfy this requirement)
- Loan must be conventional and not an FHA loan
- DTI (Debt to Income) 36%/45%
- No late payments in last 12 months
Some restrictions apply in secondary financing for down payment, please contact our office at (208) 232-9468 for additional information.
Current Income Limits for Bannock, Bear Lake, Bingham, Caribou, Franklin, Oneida, and Power Counties
*Borrower(s) cannot EXCEED these amounts*
| Location | 1 to 4 People | 5 People | 6 People | 7 People | 8 People |
| Bannock Co. | $83,950 | $90,666 | $97,382 | $104,098 | $110,814 |
| Bear Lake Co. | $85,675 | $92,529 | $99,383 | $106,237 | $113,091 |
| Bingham Co. | $82,685 | $89,300 | $95,915 | $102,529 | $109,144 |
| Bonneville Co. | $95,335 | $102,962 | $110,589 | $118,215 | $125,842 |
| Caribou Co. | $83,605 | $90,293 | $96,982 | $103,670 | $110,359 |
| Franklin Co. | $88,435 | $95,510 | $102,585 | $109,659 | $116,734 |
| Oneida Co. | $77,740 | $83,959 | $90,178 | $96,398 | $102,617 |
| Power Co. | $76,590 | $82,717 | $88,844 | $94,972 | $101,099 |
