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Board of Directors
Officers
Anthony Sarbanes, Chairman
Henry Tilman, Vice Chairman
Michele Canopii, Treasurer
Becky Goss, Secretary
Members
Nancy Althaus, Business Partner
Nestor
Bleech, Resident
Chip
Dashiell, Business Partner
Chris Davis, Business Partner
Carl
Gilbert, Resident
Becky
Goss, Resident
Dee
Henry, Resident
Patricia
Jolley, Resident
Hope
Morgan, Business Partner
Marty
Neat, Business Partner
Myrna Rodriquez
, Resident
Dave Simpson, Business Partner
Ellen Vandergrift, Business Partner
Michelle
Thomas, Business Partner
Richard
Turner, Resident
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How can I qualify for an SNHS loan?
CREDIT HISTORY
Many people have experienced some minor and even some not-so-minor credit problems in the past. One important thing to consider is if you have made good on your past and present financial obligations. Sometimes a loss of work or a medical emergency will create a situation of high debt and late payments. Have you brought those payments current and made your payments in a timely manner since then?
Sometimes people make the mistake of thinking not having a car payment or credit cards will prevent them from getting a loan. Not so - there are ways of documenting "non-traditional" positive credit, like the on-time payment of rent and/or utility bills.
WORK HISTORY
Typically, the guideline is two years of employment in the same field. This means a logical job change would be acceptable, as long as it is in the same general field of employment. If you have recently graduated from school and your employment is in the same field as your training, that could also be acceptable.
DOWN PAYMENTS
All SNHS loan products require a minimum of $500 down from the purchaser. Depending on income/type of loan, it can be as much as five percent of the amount financed. The borrower is required to document where the down payment funds are coming from.
INCOME LIMITS
Generally speaking, there are no income limits. SNHS' loan products are designed to serve a culturally and economically diverse customer base to achieve neighborhood revitalization. Only a limited number of special programs are income restricted.
WHAT ELSE DO I NEED TO KNOW?
These are general guidelines to help assess your readiness to purchase a home. Other variables, such as how much debt you already have, will affect your ability to qualify for financing. A great way to learn more is to sign up for Home Buyer's Training classes. Completion of these classes is required of all SNHS purchases prior to settlement and can help you determine your level of readiness. You can find out more by calling the SNHS office at (410) 543-4626 and speaking to Jane Hoy.
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