Application Process

Click here to begin the application process online.
Click here if you want to resume an existing application.

Please note, these links will redirect you from our website to another site that is hosting our online application.

If you need assistance with the online application or need to request a paper application please contact us at 212-479-3368 or hol@uhab.org

NONDISCRIMINATION POLICY

As a recipient of Federal financial assistance, HomeOwnership Lending, LLC does not exclude, deny benefits to, or otherwise discriminate against any person on the basis of race, color, national origin, sex, religion, age or disability (including HIA/AIDS and AIDS related conditions) in admission to, participation in, or receipt of the services and benefits under any of its programs and activities, and hiring and employment, whether carried out by HomeOwnership Lending, LLC directly or through a contractor or any other entity with which HomeOwnership Lending, LLC arranges to carry out its programs and activities. This statement is in accordance with the provisions of Title VI of the Civil Rights Act of 1964, Section 504 of the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, and Regulations of the U.S. Department of Health and Human Services issued pursuant to these statutes at Title 45 Code of Federal Regulations Parts 80, 84, and 91.

In case of questions, please contact: Provider Name: Anya Irons, Section 504 Coordinator: Telephone number: 212-479-3331

What to Expect

• After submitting your application information online, a representative will contact you to complete your loan application.

• Within 3 business days of completing your loan application with our representative, you will receive a Loan Estimate – this document is an estimate of what the loan may cost you over the entire life of the loan term. This is not yet a commitment to lend and you are under no obligation to proceed. This estimate is good for 30 days.
  

• If you decide to proceed, you will need to send a notice of Intent to Proceed together with the non-refundable application fee.
  

• With the Intent to Proceed you will need to provide a Board Resolution from the co-op board of directors and the other Backup Documents listed on the Checklist.
  

•  You will also need your future co-op to complete and return a Cooperative Questionnaire and Addendum to us as part of your application.
  

• The underwriting team will review your application and may ask you for additional backup documents to verify or replace some of the backup documents previously provided.
  

• If you are found eligible, you will receive a Commitment Letter – this letter is your official loan offer and may be slightly different than your Loan Estimate. You can take this letter to your future co-op board if they need proof of your financing readiness.
  

• When all parties are ready, a closing will take place and you will become a shareholder. However, your original share certificate must be held by HomeOwnership Lending as collateral for your loan until the loan is paid-off in full.