One of our underwriters will contact you to talk through the loan programs that might fit your needs. He or she will be your main point of contact with Clearinghouse CDFI. Expect to discuss: your professional background, collateral, source(s) of repayment, and anticipated community impact.
We will stay in close contact to maintain a positive, productive relationship. We want to hear how your loan impacts you, your organization, and the surrounding community. We may also require timely financial and impact information about your project.
Loan Rates & Terms
Long Term FIXED Rates from 4% up to 24 Years
Short Term (up to 24 months) interest only loans
Loan to Value (LTV)LTV is the loan amount divided by property value – Up to 80%
3rd Party Vendor Dependent: Appraisal, Title, Escrow, Legal, and Environmental Fees (if applicable)
Cost of appraisal, application fee, other third party reports and preliminary legal work will be requested after an initial review of the project and the receipt of quotes for the scope of work. All costs will be reasonable and can be estimated further upon request.