- be a resident of Allegheny, Westmoreland, Washington, Beaver, Butler, or Armstrong County
- have a source of income
- have a cosigner if needed based on applicants' information after a credit review and/or amount of loan requested (most loans require a cosigner who is a PA resident with a credit score of 670+)
Borrowers are eligible if their gross income is less than twice the Area Median Income (AMI). Currently that is:
|Family Size||Area Median Income (2022 data)||
2x AMI (HFL eligible up to this gross income)
|Family of 2||$75,900||$151,800|
|Family of 3||$85,400||$170,800|
|Family of 4||$94,800||$189,600|
|Family of 5||$102,400||$204,800|
|Family of 6||$110,000||$220,000|
|Family of 7||$117,600||$235,200|
|Family of 8||$125,200||$250,400|
Most loans require the applicant to have a credit score of 670 or higher (some exceptions are possible if funding is available), however as long as the applicant has a suitable cosigner, applicants will be considered regardless of their credit score.
A suitable cosigner is a resident of Pennsylvania who has a source of income and a credit score of 670 or higher.
Hebrew Free Loan strives to make the process of obtaining a loan simple, but thorough. We are committed to meeting applicants with respect and compassion. The process is completely confidential.
An HFL staff member will contact you to review your application.
If you qualify, staff will schedule you for a confidential Tuesday (sometimes Thursday) night appointment with a Loan Committee. You must bring photo identification, proof of your income, and evidence of your need for the loan (ie, tuition bill, estimate for home renovation, etc.).
Meet with a Loan Committee made up of two to three Hebrew Free Loan Board members. They will seek information about your need for the loan as well as your ability to repay a loan. The committee will approve or deny the loan.