Loan FAQs — HOYO Program

What are loan funds used for?
For home purchase or new construction.

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

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

Does 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 approximate turnaround for a HOYO loan request is generally 12 - 18 months. We will work closely with the individual and their team to help them find the home that will meet their dream and specific needs.

Who do I contact?
Contact Barbara Howard, HOYO Specialist, at 603-224-6669, ext. 222, bhoward@theloanfund.org