Requirements & Fees
Limited Time ONLY:
Broker Incentive – 25 Basis Points – New Loans
New, Qualified Borrowers Only
Get Qualified Now
About Our Loans
Clearinghouse CDFI finances projects that improve communities through measurable benefits. We work closely with every borrower to ensure the success of each project.
- Commercial Loan Amounts: Tailored from $500,000 – $15 million
- Multi-Family Loan Amounts: Tailored up to $15 million
- Service Area: Nationwide and Indian Country
- No predefined loan programs: Our borrowers’ projects are as different as the communities they serve. We assess each loan application individually.
- Project Types:
How to Apply
- 1Contact Us
- 2Project Discussion
- 3Loan Package
- 4Loan Underwriting
- 5Final Review
- 6Loan Closing and Funding
- 7Post-Closing
Step 1: Contact Us
Please Contact Us with your loan inquiry or call our office at (844) 844-0778. We will determine if your project may fit our lending criteria.
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Step 2: Project Discussion
One of our underwriters will contact you to talk through the loan programs that might fit your needs. They will be your main point of contact with Clearinghouse CDFI. Expect to discuss: your professional background, collateral, source(s) of repayment, and anticipated community impact.
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Step 3: Loan Package
If your project meets our lending criteria, you will need to complete a loan package and submit your application fee. We are happy to walk you through each item and address any questions.
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Step 4: Loan Underwriting
Your underwriter will present your loan package to our loan committee. During the underwriting process, we will meet with you several times to become acquainted with you and your project.
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Step 5: Final Review
Most loan requests over $1 million are subject to final approval by our loan committee. Once your underwriter receives the loan committee’s approval, the loan file will be ready for closing.
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Step 6: Loan Closing and Funding
Our closing department will work with you to obtain all necessary documentation. All conditions and contingencies must be met prior to loan funding.
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Step 7: Post-Closing
We will stay in close contact to maintain a positive, productive relationship. We want to hear how your loan impacts you, your organization, and the surrounding community. We may also require timely financial and impact information about your project.
Loan Rates & Terms
Loan Fees
- Applications, Processing, Flood, & Tax
- Nonprofits: $800
- For-profits: $1,200
- Due at Loan Funding
- Origination Fee: 1.5%-2%
- Loan Document Fee: Individually Assessed
- 3rd Party Vendor Dependent: Appraisal, Title, Escrow, Legal, and Environmental Fees (if applicable)
Cost of appraisal, application fee, other third party reports and preliminary legal work will be requested after an initial review of the project and the receipt of quotes for the scope of work. All costs will be reasonable and can be estimated further upon request.
About Us
- Learn more about Clearinghouse CDFI and view our annual DVD here: About Us.
Have Additional Questions?
Ask Loan Questions Here
Projects We Finance
