Do I need to have good credit ?

Applicants with poor credit are still encouraged to apply. A credit report will be pulled as part of the application process, however it is only to identify major concerns that could lead to defaulting on the loan.

Loan eligibility is not based on a credit score or rating. 

Show All Answers

1. Who is eligible for a CHIP loan?
2. Do I need to have good credit ?
3. How do I apply for a CHIP loan?
4. What happens after I apply for a CHIP rehabilitation loan?
5. How is the housing rehabilitation work paid?
6. How do I pay for the housing rehabilitation work?
7. What are the terms of a CHIP loan?
8. How is the housing rehabilitation work completed?
9. How can I become a CHIP approved Contractor?