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You are here: Home / Services / Loan Products

Loan Products

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

 

Equal Housing Lender2     Equal Housing Opportunity

 

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Homebuyer Education

Homebuyer Education Do you want to buy a home, but don't know where to start? You don't have to feel alone. NeighborWorks Pocatello is pleased to offer residents of Southeast Idaho the "Finally Home!" homebuyer education class. Developed by Idaho Housing and Finance Association, the course offers participants an objective and detailed presentation … Learn More About Our Homebuyer Education Classes

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