Government Grants, Loans: Loan Guarantees for Native Hawaiian Housing (Application Process)

Powered by

Your FREE Online Guide to ALL U.S. Government Grant and Loan Programs for Housing!

Google

Web	Housing.GrantGate.org


Individual / Family	Low Income	Back to Minority	Veterans

Back to Home Page

See AidPage for more information on:
Loan Guarantees for Native Hawaiian Housing

Loan Guarantees for Native Hawaiian Housing

APPLICATION AND AWARD PROCESS
	· Award Procedure
		The financial institution obtains and reviews all documentation and submits it to HUD. HUD is responsible for assuring the individual applicants Native Hawaiian eligibility, land status per Section 204 of the Hawaiian Homes Commission Act, housing acceptability and the creditworthiness of the applicant. HUD has responsibility for the approval or disapproval of the applicant and the issuance of the Loan Guarantee. If the Loan Guarantee Funds are available, a firm commitment is issued to the lender. Firm commitments are valid for 180 days from issuance.
	· Preapplication Coordination
		None. This program is excluded from coverage under E.O. 12372.
	· Application Procedure
		Applications are submitted to eligible financial institutions. With the loan application, the homebuyer submits documentation such as pay stubs, W-2 forms, tax returns, evidence of assets such as bank accounts, and any other documentation requested by the lender to support the applicant's ability to obtain and repay the mortgage. The lender will verify the eligibility of the land status.
	· Deadlines
		None.
	· Range of Approval/Disapproval Time
		HUD may approve a loan for guarantee under this part and issue a certificate under this section only if HUD determines that there is a reasonable prospect of repayment of the loan.
	· Appeals
		Applicants whose loans are disapproved may appeal the disapproval. Additional documentation to resolve the issues which led to the disapproval may be required.
	· Renewals
		Not applicable.

Ask a question or post a comment...

See AidPage for more information on:
Loan Guarantees for Native Hawaiian Housing

Federal Money Retriever® GrantGate®


Program Objectives
Financial Info
Uses, Restrictions
Eligibility
Funded Projects
Selecting Criteria
	Application Process
Matching, Phasing
Post Assistance
Regulations
Contact Info

Own a home?
Consolidate debt...
Refinance and save!

Grant search software.
Free for personal use.

Consolidate Your
Debt & Lower Your
Monthly Payments!

Individual / Family

Low Income

Back to
Minority

Veterans

Back to Home Page

Visit:	· RealEstate.GrantGate.org · Business.GrantGate.org · Health.GrantGate.org	Download Free Trial Grant Software!	^ Top of Page
Individuals, Low Income Persons, Minority and Veterans in need of Government Housing information ! Bookmark this page!

This site is a free service to the public by IDILOGIC - creators of Federal Money Retriever® and GrantGate®. "When it comes to looking for government grant money... Federal Money Retriever is the best of the best." —The Wall Street Journal
Copyright © 1994-2006 IDILOGIC Your Privacy

Click here if you're looking for student financial aid, scholarships, fellowships, federal government grants, and other types of college assistance for students.