Help for Homeowners Impacted by COVID-19

In the face of a global pandemic, millions of our neighbors, like you, are at risk of going without pay for an extended period of time. Our deferred, zero-interest loan is available to homeowners in Niagara County to help take the pressure off in the short-term, while you figure out what to do next. In order to do this, NeighborWorks® Community Partners now offers deferred, zero-interest loans from $1,000 up to $3,500* for homeowners directly impacted by COVID-19. And the best part? What you pay back will be paid forward by putting it back into the Neighborly Fund to help neighbors, like you. 

*Monthly minimum payment is $100/month spread across 35 months. As funding is available. Terms apply.

Eligibility & Terms

Property Eligibility:
You currently own –

• • a home or duplex (owner-occupied)
  • a unit in a cooperative or condominium (owner-occupied)
• Mixed-use property is ineligible
• No Manufactured Housing

Borrower Eligibility:

• Owner-Occupied Homeowners only
• You must reside in Niagara  County

How you can use the funds:

• Home expenses that can no longer be paid as a result of financial hardships due to COVID-19
• To pay your mortgage, homeowners insurance, utilities, and other costs related to the costs of homeownership
• Other related expenses such as car payments, food purchase, etc.
• Loan-only product no to be combined with other NCP funds

*Not to be used for leisure products, vacations, or gambling

Household Income Eligibility:

• No Income Limits
• Incomes below HUD median New York State income $85,000 are a priority

Total Debt Ratio: N/A

Maximum Total Loan to Value: N/A

Interest Rate: Zero Percent

Fees: No Fees

Credit Profile/Information you will need to submit:

• Documented hardship such as a layoff, furlough notice, or unemployment filing due to COVID-19, past due utilities, or mortgage  due to COVID-19 hardship
• Proof of homeownership
• An official credit report will be run (at no cost to you)
• Prepare to submit a 1099 or W2 for 2019 to verify past income
• Signed Credit Report Authorization form (no minimum credit score required)
• Signed Borrower Certification Authorization Form
• Consent to Receive Documents Electronically Form
• Other documentation may be requested

*NOTE: If you are a current borrower with NCP, you must be current on your loan.

Click here to view the full list of documents
you will need to submit

Minimum/Maximum Loan Amount for Homeowners:

• $1,000 minimum
• $3,500 maximum

Loan Term/Lien Position:

• Promissory Note
• 90-day deferral, $100 monthly payments until balance reaches zero (up to 35 monthly payments)

Settlement: One-time payment in full to homeowner upon executed promissory note. Terms apply.

How to Apply:

• If you are a homeowners facing hardship due to COVID-19, scroll down to start the application process online (Suggested for faster review)

OR

• Click here to download and print an application. Please note that it may cause a delay in review and funding is limited.