Loan FAQs — The Community Housing Program

What are loan funds used for?
Predevelopment work, to purchase property (often in conjunction with a bank loan), to make renovations to property.

What is the interest rate?
Contact us for current rates.

What is the term of the loan?
The term is negotiable.

Does the The Loan Fund take collateral?
Yes. Each Loan Fund loan is secured by a mortgage on real property and, in some cases, other collateral.

What are the fees?
Contact us for current fees.

How soon can The Loan Fund make a decision on a loan request?
The turnaround on a loan request is generally a month. If a shorter turnaround time is needed, the process may be expedited to a shorter period of time.

Who do I contact?
We’re ready to talk with you. Please contact Mike LaFontaine, Director, Community Housing Project, at 603-224-6669, ext. 220 or mlafontaine@theloanfund.org.