First Time Home-buyer Loan
Description: Helps people with the expense of buying and moving into their first home
Maximum Loan Amount Available: $15,000
Guarantor Requirements: One Jewish guarantor is required for the first $5,000 borrowed. A second guarantor is required for a loan between $5,001 - $10,000 and a third guarantor is required for any loan over $10,001 (second and third guarantors need not be Jewish)
Repayment Terms: Payments of $25 per month for every $1,000 borrowed until the principal is paid back in full
Apply today by following these simple steps:
We want this experience to be a comfortable one for you and our processes have been designed with great care to ensure that your confidentiality and dignity are respected at all times. Please do not hesitate to reach out at any point in our process if you have questions or concerns.
Secure your guarantor(s) and advise them that an HFLA Board Member will be calling them in the days ahead
Await a call from an HFLA board representative
Complete an interview (by phone, skype or in person)
Await your loan decision. If your loan is approved, you will be sent paperwork to sign and then your loan funds will be distributed.