Information for Lenders

Information for Lenders

The Housing Fund’s loan program helps you close more loans, and get more people into homes. For many potential homebuyers, the large sum of money required for a down payment or closing costs is the single greatest barrier preventing them from buying a home. Often times, these potential buyers have sound credit and can afford monthly mortgage payments; they simply cannot save up the money required for a down payment.   That’s where The Housing Fund’s Downpayment Program can help.

Steps to Settlement

• Lenders must fill out a Request for THF Loan Approval  form and the Underwriting Checklist 
• Note:   Borrower must go through Homebuyer Education before closing.  To find an educator near you, Click Here.
• Borrower must complete the THF Borrower Application.  This can be completed at The Housing Fund or the First Mortgage Lender’s Office.
• The Housing Fund cannot begin underwriting until we have received both a completed Borrower Application and a Lender Loan package.
• The Housing Fund will contact the lender regarding the borrower’s status.