Our job at HCA is to help you get the loan you need to improve your housing situation, to start or grow a business, or to help with your family’s personal finances. Our help begins when you fill out and complete an HCA loan application packet. HCA will help you submit a complete loan package, answer questions, and check your paperwork.
Step 1
Stop by our office on Main Street, Space KC-53 in Keams Canyon (call the office for in-person hours due to COVID-19 precautions). You may also call us at (800) 516-9091 or (928) 738-2205 or email us at josie@hopicredit.us or lisa@hopicredit.us to learn about our loan products.
Step 2
When you are ready be prepared to discuss with HCA staff the purpose of your request for a loan; the amount of money you need to borrow; what you have to offer as loan collateral and your thoughts on the length of time you will need to repay the loan. Ask HCA staff about any other documents you should include with your loan application such as proof of employment, a business plan, proof of ownership of property, or other papers, depending upon the type of loan you are applying for.
Step 3
Gather the documents required for the type of loan product you wish to apply for.
Step 4
Return your completed loan application to the HCA office with proof of Hopi enrollment and any other documents that are needed to process your loan.
Step 5
Allow time for HCA to process your loan, which may take 2 to 3 days depending on the number of applications before yours. HCA staff checks various parts of your finances including your credit history, condition of your collateral, and other factors to determine if you are a “loan worthy” applicant. The process for approving or denying a loan less than $5,000 may be quicker than a request for larger loans because it does not have to be reviewed by the HCA Board of Directors. The HCA Board of Directors meets once a month to review loan applications over $5,000.00. A decision about larger loan applications will not be determined until the loan is reviewed at the monthly meeting.
Step 6
The “loan closing” is an important and nearly final step to secure a loan. The closing is also your opportunity to fully understand and review the terms and conditions of the loan with an HCA loan officer before committing to the loan terms. During a loan closing, you and any other co-signers/applicants must be present to sign loan papers. After the closing paperwork is finalized, the monies will then be processed for payment to you.
Step 7
Throughout the life of your loan with HCA, remember to keep HCA staff informed about any changes that might affect your participation with and/or obligations to HCA services. You should communicate any changes to your address, employment and employee deductions, or other situations that may impact your ability to meet your payment schedule.