Innovative Mortgages
Non-Conforming Mortgages
Home Ownership Opportunity Program (HOOP). HOOP is a mortgage program for members
who want to purchase a home but have limited funds to cover the down payment
and closing costs, marginal or irregular income, overextended credit, and/or
past or present credit problems. The maximum mortgage loan is $150,000. The
member receives extensive budgetary counseling prior to applying for a
mortgage loan under this program.