The Lenders Giving Borrowers 2nd Potential Loans

The Lenders Giving Borrowers 2nd Potential Loans Brenda Woods didn’t like to go and then leave the yard she had tended for 40 years. Nevertheless the roof had been falling in. And her bank would give her and n’t her spouse Larry that loan to get a replacement house. Brenda’s still tending her garden, however, by way of a second-chance loan through the brand brand New Hampshire Community Loan Fund-a Community developing lender (CDFI). It let the Woods exchange their property with a brand new, safe, affordable, energy-efficient home that is manufactured. Almost 700 families financed houses through the grouped Community Loan Fund, which won a $5.5 million honor through the Wells Fargo UPCOMING Awards for chance Finance. The prize ended up being for expansion of a financing that is innovative for produced housing mortgage loans. The THEN Awards recognize revolutionary CDFIs that serve low-income and responsibly low-wealth people and communities. Community developing finance institutions, including banking institutions, credit unions, loan...
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