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Borrowing

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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

 

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Position Open: Director of Finance and Administration

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Worcester Community Housing Resources
11 Pleasant Street, Suite 300, Worcester, MA 01609 | Phone: 508-799-0322 | Fax: 508-799-7771 | Click here for a staff directory