Application Process

Pre-Application Contact

All potential borrowers are encouraged to contact MHCLF prior to submitting a loan application. The pre-application discussion allows the borrower to confirm the eligibility of the project and review the information needed to insure that the application submitted is complete.

MHCLF staff is available to meet with potential borrowers prior to submitting an application to discuss the proposed project and anticipated financing package.



Click here to download a copy of the appropriate application. Provide all the information requested to reduce processing time.

Applicant must submit application fee along with application for review to begin.


Application Review and Approval

Staff is usually able to estimate the time needed for review and approval based on the complexity of the project, current workload and applicable lending practices.

Loan requests are underwritten and presented to Loan Committee and under certain circumstances the Board of Directors, for approval.

Following approval, a commitment letter is transmitted to the borrower detailing the terms of the loan approval. The borrower accepts the terms of the approval and returns the signed commitment letter to MHCLF.


Closing Process

Closing arrangements are made based on the type of project and loan. Legal fees associated with the preparation of closing documents are established and paid at time of closing.


Download MHCLF Loan Application

Download MHCLF Loan Type and Term Summary Sheet