While the goal of the program is to bring Black and Hispanic borrowers closer to homeownership, people of all races can qualify for the Community Affordable Loan Solution.
Eligibility will be based on income and the location of the property. It will also use credit guidelines based on factors such as timely rent, utility bill, phone and auto insurance payments to determine creditworthiness, though, there is no minimum credit score requirement.
Eligibility will be based on income and the location of the property. It will also use credit guidelines based on factors such as timely rent, utility bill, phone and auto insurance payments to determine creditworthiness, though, there is no minimum credit score requirement.
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