Simply submit a letter on the agency's letterhead to the Minister responsible for Housing, requesting consideration for approved lender status. There's no need to wait to apply for a loan from your credit union.Nassau Financial accepts Member loan applications 24 hours a day, 7 days a week! Applicant's name and address;. ii. The buyer must occupy the home for ten (10) years for the SHIP loan to be satisfied. All statements submitted must show the bank name, account holder's name and account number with a detailed list of transactions. d).