Who can apply for a loan with HFLA?
Applicants must be Jewish and reside in Western Massachusetts (Hampden, Hampshire, Berkshire, or Franklin counties)
Do I need a cosigner?
Yes. Loans of $3600 require one cosigner, loans from $3600-$7200 require two cosigners. A spouse may not cosign a loan. Cosigner’s information may be sent separately as to ensure privacy and confidentiality.
What documents must be submitted?
Applicants and cosigner(s) must each fill out an application and provide a credit report and current Federal tax return. Cosigner’s information may be sent separately to ensure privacy and confidentiality. The loan application and the cosigner information form are available for download, at the clickable links on the right.
Do I need to be interviewed?
Yes. We will schedule an interview for you with two HFLA board members. Bring a photo ID to the interview.
When must the loan be paid back?
Monthly payments can span a period of up to 36 months beginning one month after the disbursement date.
Where do I get the application form?
Download the form here – see the clickable file name to the right. Or, call the HFLA at 413-372-9756.
How do I get a credit report?
You can request a free credit report by contacting one of the following companies:
- Equifax: 1-800-685-1111; www.equifax.com
- Experian: 1-888-397-3742; www.experian.com
- TransUnion: 1-800-888-4213; www.transunion.com
Why do I need to submit a credit report?
The credit report is a standard requirement for loan applications. Applicants who have had issues with their credit reports have received and repaid HFLA loans.
How to apply for a loan?
- Contact the HFLA executive director at 413-372-9756 to discuss your loan request.
- You and your cosigners will each send the application documents to the HFLA.
- For more information, you can download the application process details form, at the clickable link on the right.
Please do not hesitate to call 413-372-9756 if you have any further questions.
