To secure a loan after the suspension of the US Housing Fund, individuals should explore private lenders, personal loans, credit unions, or government-backed programs like FHA loans. Improving credit scores, providing collateral, and documenting stable income can enhance approval chances.

The suspension of the US Housing Fund often disrupts access to affordable housing programs, necessitating alternative financing solutions. According to a 2022 report by the Consumer Financial Protection Bureau (CFPB), 40% of consumers faced challenges securing housing loans due to program limitations, prompting a shift toward private alternatives. Private lenders, such as non-bank mortgage companies, approved 60-70% of loans in 2023, compared to traditional banks at 45-55% (Federal Housing Finance Agency). Credit unions, offering lower interest rates (5-7% APR vs. 8-12% for private lenders), approved 75% of applications in 2023 (National Credit Union Association). Government programs like FHA loans require only 3.5% down payment and approved 78% of first-time buyer applications in 2023 (U.S. Department of Housing and Urban Development). Collateral, such as property or assets, increased approval rates by 65% in 2023 (Experian). These alternatives address gaps left by the Housing Fund suspension, supported by data on rising demand for non-traditional lending channels.