Where
are your offices located?
Click contact us for phone
numbers and directions to our offices.
How do I apply for your lending
products?
If your Project is eligible based on our Eligibility
Requirements, please fill out our pre-application
and fax it or mail it to HDF. Someone from our office will
contact you in the order it was received and let you know
if you should complete our full application.
Each full application has a checklist of information we must
see in order to review your project. Depending on the type
of loan you’re applying for, our full applications are:
Where
can I purchase in order to be eligible for the multifamily
lending program?
You can purchase a multifamily project anywhere in our service
areas. Click Eligibility
Requirements to see which towns are included in our service
area.
What are some of the underwriting
guidelines for your multifamily lending program?
Check out our underwriting
guidelines to see some of the criteria, including loan
to value, debt service coverage ratio, lending limits, and
fees, for our major lending products.
Once the loan is closed, how
do I make my payments?
HDF’s loans are serviced by First
County Bank. Payments include principal (if applicable),
interest, and an escrow amount for taxes and insurance, if
applicable based on your loan type and loan agreement.
Your first bill, with the appropriate payment amount and location,
will arrive the month after the first full calendar month
of your loan. For example, if your loan closed on April 15th,
you will pay interest at the closing through April 30th. You
will receive your first bill in the mail in June. Payments
are made in arrears. Bills will go out on the last day of
the billing month, and payments must be postmarked by the
15th of the following month to not sustain late charges. For
example, the June bill will be mailed on May 31st and will
reflect charges incurred in May. The payment from the borrower
must be postmarked on June 15th to not sustain late charges.
If I have specific questions regarding my billing
statement, who do I contact?
A First County Bank contact should be listed on your billing
statement.
If I have specific questions
regarding my Project, who do I contact?
You should contact your loan officer at HDF. |
