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CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

Homeownership Lending LLC

Homeownership Lending LLC

Minimum $10,000; 30-year fixed-rate loans, amount varies

·

Rolling — apply any time

AMOUNT

Minimum $10,000; 30-year fixed-rate loans, amount varies

AMOUNT

Minimum $10,000; 30-year fixed-rate loans, amount varies

DEADLINE

Rolling — apply any time

DEADLINE

Rolling — apply any time

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

You need to be purchasing in an affordable housing cooperative with a minimum 640 credit score.

You need to be purchasing in an affordable housing cooperative with a minimum 640 credit score.

This is a CDFI loan program, not a grant. Borrowers must be buying into an affordable housing co-op, and the co-op board or management company must sign off on the application.

This is a CDFI loan program, not a grant. Borrowers must be buying into an affordable housing co-op, and the co-op board or management company must sign off on the application.

YOUR REAL ODDS

Rolling applications mean no competition window, but approval depends on creditworthiness and co-op eligibility.

Loans can close in as little as 30 days, but timeline varies by capacity. The 640 minimum credit score and co-op board sign-off are real gatekeepers.

WHAT IT TAKES

  1. Contact Homeownership Lending to confirm eligibility — 1-2 days

  2. Complete pre-approval process — 1-2 weeks

  3. Submit full application with co-op board signature and supporting documents — 1-2 weeks

  4. Underwriting review and closing — Up to 30 days after full application

WORTH KNOWING

After approval, the commitment letter is only valid for 90 days, so have your co-op paperwork ready before applying to avoid losing your approval window.

Apply on the funder’s site →

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Afena Federal Credit Union

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Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.

The Bridgeway Federal Credit Union

Varies; specific loan amounts not published.

Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

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