WCHR adheres to sound financial practices and underwriting principles. Before the WCHR Loan Committee considers a proposal, staff evaluates the strength and potential of each applicant to carry out the project. The borrower must show collateral and the capacity to repay the loan; prove the need for the project and the number of people being served; and demonstrate long-term benefits to the community.
Who is eligible?
Typical clients have:
Credit scores of 620 or higher
Debt levels of 45% or less
Loan to value of 100-120%
*Some exceptions may apply