Mortgage Leveraging Program

About the Program

This program allows Habitat Iowa to act as a secondary lender for Habitat mortgages in Iowa.  Affiliates pledge their homeowners’ mortgages and monthly payments to the program.  In return, affiliates get a portion of the cash value of the mortgage right away, rather than having to wait 20 to 30 years for a return of all payments.  Affiliates then use this cash to accelerate home building, acquire land for large-scale projects, and leverage support from other parties. Loans are available on a first-come, first-served basis. 


Important notes about this program:

  • We are currently accepting loan requests up to $100,000

  • The interest rate is set at or below the lowest rate used by Iowa Finance Authority’s First Home Program.

  • A minimal closing fee may be required to cover costs, e.g. attorney fees or appraisal fees, if a new appraisal is required

Who to contact

Contact Christine Hall at 515-266-6886. 

Important Documents

Habitat for Humanity of Iowa

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Phone: 515-266-6886

Address: 809 8th Street SW Suite F Altoona, Iowa 50009

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