HFLS Loan Guarantor Form

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Welcome and Instructions
Thank you for your interest in guaranteeing an HFLS interest-free loan! 

To guarantee an HFLS loan, you must:
  • Be a U.S. citizen or permanent resident
  • Currently reside in New York, New Jersey, or Connecticut
  • Have annual, pre-tax household income of at least $30,000 for loans of up to $7,500, and $50,000 for loans of more than $7,500
  • Have good credit, as evidenced by an HFLS review of your credit report
  • Be willing and able to repay the borrower's HFLS loan if they do not
If you are married, you will be asked to provide your spouse's information, and your spouse will need to sign the Promissory Note with you.

Once you begin completing the Guarantor Form you will not be able to save your work and continue completing the application later. Therefore, please make sure you have the following information handy (for you and for your spouse, if you are married):
  • Annual pre-tax income (if your income fluctuates from year to year, provide your estimated income for this year or your annual income from last year)
  • Social Security Number (you must be a United States citizen or permanent resident in order to guarantee an HFLS loan)
  • Employer information (name, address, approximate start date, phone number)
  • Copy of a photo ID (in PDF, JPEG, or PNG format) for upload
Welcome and Instructions
Thank you for your interest in guaranteeing an HFLS interest-free loan! 

To guarantee an HFLS loan, you must:
  • Be a U.S. citizen or permanent resident and currently residing in the U.S.
  • Have annual, pre-tax household income of at least $50,000
  • Have good credit, as evidenced by an HFLS review of your credit report
  • Be willing and able to repay the borrower's HFLS loan if they do not
If you are married, you will be asked to provide your spouse's information, and your spouse will need to sign the Promissory Note with you.

Once you begin completing the Guarantor Form you will not be able to save your work and continue completing the application later. Therefore, please make sure you have the following information handy (for you and for your spouse, if you are married):
  • Annual pre-tax income (if your income fluctuates from year to year, provide your estimated income for this year or your annual income from last year)
  • Social Security Number (you must be a United States citizen or permanent resident in order to guarantee an HFLS loan)
  • Employer information (name, address, approximate start date, phone number)
  • Copy of a photo ID (in PDF, JPEG, or PNG format) for upload
Welcome and Instructions
Thank you for your interest in guaranteeing an HFLS interest-free loan! 

To guarantee an HFLS loan, you must:

  • HFLS loan applicants applying on the creditworthiness of guarantors will require one or more guarantors who agree to take responsibility for the loan if the borrowers are unable to repay at any point during the loan term.  


    A “guarantor” may be one person/couple guaranteeing the full loan amount OR more than one person/couple guaranteeing no less than $25,000 each, as long as the aggregate amount guaranteed equals the total loan amount.


    Guarantors must meet the following criteria:

    • US citizens or legal residents currently living in New York, New Jersey, or Connecticut.
    • The amount guaranteed may not be more than 25% of the guarantor’s annual income as shown on the preceding year’s tax return or more than 10% of liquid assets as shown by statements or verified by a letter from the guarantor’s accountant.
    • Have a credit score of at least 680 (guarantors must agree to have HFLS pull their credit report)
    A couple is considered one guarantor; if a guarantor is married, his or her spouse must also agree to guarantee the loan. Guarantors may NOT live in the same household as the applicant.

    Even if they meet the requirements above, persons who are currently a guarantor on an outstanding HFLS loan or who are unable to repay the loan will not be permitted to guarantee a Security Infrastructure Loan.
The documents below are required for a Security Infrastructure Loan.  Once you begin completing the Guarantor Form you will not be able to save your work and continue completing the application later. Therefore, please make sure you have the following information handy (for you and for your spouse, if you are married):

  • Social Security Number (you must be a United States citizen or permanent resident in order to guarantee an HFLS loan)

  • Copies of government-issued photo IDs that include signatures for the guarantors and their spouses, if married (e.g. driver’s license or U.S. passport).

  • Preceding year’s tax return, bank statements, or letter from each guarantor’s accountant demonstrating that the loan amount is not more than 25% of the guarantor’s annual income as shown on the preceding year’s tax return OR more than 10% of liquid assets.
Personal Information
Please enter the number without hyphens
Please enter your current immigration status and the date it expires, if relevant.
Contact Information
Please enter a valid U.S. phone number including the 1 country code (e.g., 1 123-456-7890). If you do not have a mobile phone, please enter all zeros here and enter your home phone below.
If you do not have a home phone, leave this field blank.
If you have different email addresses for work and personal use, please provide your personal email address only.
Household Information
NOT including yourself or your spouse
Employment Status 
If unsure of the month or day, enter 01/01/YYYY
Income Information
$
Enter your annual pre-tax salary from your job listed above.
$
Enter your income from any sources other than the job you listed above. Please do NOT include spouse income. If income from other sources is $0, enter 0.
Income Information
$
Spouse/Partner's Information
Enter numbers only, no dashes (-). If you do not have a Social Security Number, enter all zeros.  
How to contact your spouse/partner?
Please enter a valid U.S. phone number including the 1 country code (e.g., 1 123-456-7890)
If you have different email addresses for work and personal use, please provide your personal email address only.
Spouse/Partner's Employment Status
Employment Information
If unsure of the month or day, enter January 1st
Spouse/Partner's Income Information
$
Enter your annual pre-tax salary from your job listed above.
$
Enter your income from any sources other than the job you listed above. Please do NOT include spouse income. If income from other sources is $0, enter 0.
Spouse/Partner's Income Information
$
Relationship to Applicant
Upload Your ID
Please upload a clear picture of your spouse's photo ID. Any government photo ID that includes a photo is acceptable. HFLS must receive your ID copy/copies before we can close your loan.
Upload Your ID
Please upload a clear picture of your spouse's photo ID. Any government photo ID that includes a photo is acceptable. HFLS must receive your ID copy/copies before we can close your loan.
Upload Your Tax Return or Accountant's Letter
While it is not mandatory to submit these documents now, HFLS will require these documents in order to review the application. Uploading copies of these documents now will speed up the processing of the  loan application. 

Please upload a copy of your tax return or accountant's letter verifying that as a guarantor for this loan you meet our criteria below:

Preceding year’s tax return, bank statements, or letter from each guarantor’s accountant demonstrating that the loan amount is not more than 25% of the guarantor’s annual income as shown on the preceding year’s tax return OR more than 10% of liquid assets.
REQUIRED: ID-Pal Verification
Credit Report Authorization
Signature
By typing your name below, you are signing this application electronically. You agree that your electronic signature is the legal equivalent of your manual signature on this application.
Type your name

Contact Information