Loan insurance requests are reviewed for adherence to specific laws and regulations, credit worthiness, and community needs. For information about the Insurance premium fee schedule click here. The following is a brief description of the loan insurance application review process.
Detailed information is contained in the application instruction package.
The Project Officer reviews the additional information and makes a preliminary eligibility determination. Consult with the Project Officer at this time. Approval of an application may include specified conditions. The Committee holds a public meeting to discuss the proposed project application. After the Project Officer presents the application to the Committee, a question and answer period is provided for representatives of the applicant to provide their input, and any member of the community may also present their comments.