$en$ible Cash Loan Program
This program is to offer our members as an alternative to check cashing outlets during times of need. Members can receive funds in as little as ten minutes with low fees and an extended repayment period!
You
must have received an offer from Sharefax Credit Union regarding the "Fresh
Start" program offer to participate. If you have not but believe you could
benefit from this program, please contact the Sharefax Lending Department at
(513) 753-2440 .
In a partnership with FoolProof, Sharefax is offering
"Fresh Start" program recipients the opportunity to complete the
FoolProof Solo module.
Upon completion of this module, Sharefax will automatically approve a signature loan for up to $1,000 in order to repay any collection items and/or bring your delinquent obligations current.
Loan Specifications:
This loan must be repaid within a span of 6 months.
If the loan is paid as agreed upon and there are no negative changes to your employment and credit history, you will be automatically approved for a second loan* to either purchase a vehicle or to consolidate debt listed on your credit bureau.
Any bill consolidation checks would be made payable to your
creditors.
You and your loan officer will work together to determine the loan amount that meets your needs*.
You must provide your module credit scores via
email before this loan offer will be validated.
This is a one time counteroffer and must be accepted within 30 days of the adverse action
notification that you received in the mail.
Future requests for credit will be determined based upon your credit worthiness.
*Maximum limits apply.
After participating in this educational session, you will have a much better understanding of money and credit issues, as well as improving your financial management skills. By providing you with this fresh start, it is our intent to help you improve your personal finances so that you might qualify for future credit requests.
For additional information or questions regarding our Fresh Start program and
the maximum loan amounts, please contact a Sharefax loan officer at (513) 753-2440.
Starter Loan Program
This is a loan program with less stringent guidelines to help qualified members, with limited or no credit, begin to establish a credit history. With this program, members are approved for a vehicle loan or issued a small starter loan in the form of a signature loan, credit card or credit line that helps them to step out in the right financial direction.
The
New Deal Program is offered to assist our members with poor credit scores in obtaining a loan in order to satisfy their transportation needs.
You must be an existing members to qualify, returned to or currently have full
employment and be using the loan to purchase a vehicle.
Low Income Financing
This program is to assist individuals with household incomes less than $50,000 per year, who have good credit, but a higher than normal debt to income ratio. By meeting certain requirements, members are eligible for loans to purchase necessary transportation or durable household goods (i.e. washer, dryer, etc.). Members may also be eligible for a small signature loan.
First Time Home Buyer Program
In conjunction with the Home Loan Payment Relief Program (HLPR), individuals looking to purchase their first home can find affordable financing with low out-of-pocket costs. The HLPR program offers a three-year adjustable rate mortgage at one percentage point BELOW the national average for such loans to qualifying borrowers. Borrowers can finance up to 97% LTV with higher than average debt to income ratios up to $500 in closing costs as well as PMI if required. We also offer a 15/30 fixed rate mortgage with the same generous debt to income ratio, high LTVs and low closing costs.
15/30 1st Mortgages
With our 15/30 1st mortgage your monthly payment will be based on a 30 year term with a 15 year fixed rate balloon payment due upon maturity. This loan is a great way to get a lower payment and the best rate.
HOPE NOW is an alliance between counselors,
mortgage companies, investors, and other mortgage market participants. This
alliance will maximize outreach efforts to homeowners in distress to help them
stay in their homes and will create a unified, coordinated plan to reach and
help as many homeowners as possible. The members of this alliance recognize that
by working together, they will be more effective than by working independently.
HUD's mission is to increase homeownership,
support community development and increase access to affordable housing free
from discrimination. To fulfill this mission, HUD will embrace high standards of
ethics, management and accountability and forge new partnerships--particularly
with faith-based and community organizations--that leverage resources and
improve HUD's ability to be effective on the community level.
At Home Today you'll find support and services for all of
your home purchase needs whether you're ready to buy today or need some time to
explore the possibility of owning your own home.
The Home Ownership Center is a private, non-profit
partnership of businesses, residents and government that helps you prepare for,
buy and maintain a home. We have you and your family in mind — not profits, so
let us be your partner in the home buying process.
The Save the Dream
foreclosure effort in Ohio is uniquely structured to include both governmental
and private sector partners each deeply concerned about the foreclosure crisis
facing Ohio, and we are working to provide you with the tools to save your
dream—the American dream—of owning a home.
To speak with a Loan
Officer or for more information contact (513) 753-2440.
