Co-borrower

Support a Dream.
Strengthen a Community.

Two women smiling

Download Co-Borrower Guide

 

What Is a Co-Borrower?

A co-borrower shares responsibility for repaying the 1% interest loan that helps cover the cost of a USCIS citizenship application. A co-borrower is not just backing a loan, they are backing a person, a dream, and a future. 

What are the Responsibilities of a Co-Borrower?

The OPA 1% interest loan is a joint-credit loan product. Although the co-borrower does not have direct access to the loan funds, the borrower and co-borrower share financial responsibility for repaying the loan while supporting the borrower's path to citizenship. Both parties must complete loan applications, meet eligibility requirements, and be prepared to make minimum monthly payments. On-time payments can help both the borrower and co-borrower build credit, while missed payments may reduce both credit scores. 

Who is Eligible to be a Co-Borrower?

To co-borrow, you must:

  • Be 18 or older 
  • Live in California, Florida, Massachusetts, New Jersey, New York, or Texas.*
  • Have a Social Security Number
  • Be currently employed and able to upload two recent pay stubs 
  • Have a U.S. debit card 
  • Meet minimum credit requirements
  • Be ready to complete a short online application and sign electronically 
  • Consent to receiving all documentation electronically (based on each state’s compliance requirements)
  • Consent to having your credit pulled and reviewed

A co-borrower will share responsibility for loan repayment. A co-borrower must have proof of current employment, meet a minimum credit requirement, and they cannot have defaulted on a past OPA loan.  You will want to choose your co-borrower and make sure they agree to be your co-borrower before you start your application. 

* One Percent for America loans are currently available to residents of the following states, with additional states expected to be added soon. If your state is not listed, please check back for updates: California, Florida, New York, Texas, New Jersey, and Massachusetts.

How To Invite a Co-Borrower? 

  • At the end of your application, include the name, address, and email address of your co-borrower.
  • An email invitation will be sent to your co-borrower at the email address provided.
  • Co-Borrower accepts the invitation and completes the application.

Share This with Your Co-Borrower 

Help your co-borrower understand their role. Download the PDF and share it with them today.

Download PDF 

Woman on computer

Ready to Start Your Loan Application?

You’ll need the following to apply for an OPA 1% Loan

  • Información de contacto.
  • Social Security Number
  • Exact Loan Amount for USCIS Citizenship Application Fees
  • Payment Information (Debit Card)
  • Employment History (with pay stubs) if employed (optional)
  • Contact Information for a Co-Borrower 

Ready to Apply?