One of the most dreaded words that can come to the mind of a home owner: foreclosure. It’s a hard thing for us to talk about, because no one ever wants to lose their home and no one wants to have to take your house. Are you receiving notices from your lender asking you to...
Hello readers and welcome to the “Do I Qualify for HUD Section 184 Loans 2” that is an extension of our earlier article Do I Qualify for HUD Section 184 Loans part 1! We here at 1st Tribal Lending are dedicated and here to help you figure out the sometimes difficult and frustrating process of...
Established in 1992, the Section 184 loan provided by HUD, the Department of Housing and Urban Development, has helped thousands of Native Americans get home loans both on and off reservations. For those who are looking for some quick tips about the HUD 184 loan, what is required for both home and borrower eligibility, and...
Buying or building a home can be a frustrating and difficult time, especially on Tribal trust lands. Although becoming a homeowner rests on the family or the person planning on buying a home, there are ways that the tribe can also help tribal members become home owners. Listed below are some ways that tribes can...
Both loans and mortgages give you as a debtor an initial amount of money. However, there are some key differences to keep in mind when you are applying for either in order to determine which one is the best fit for you and your situation. Loans Let’s start off by talking about a loan. If...
Your tribe or family has received a HUD 184 that will help you build, buy, or renovate a home. Relax for a moment. Bask in your success. Soon you will be living in a home that will make life better. Wait a second. The home is not truly yours until you can repay the money...
Tribal loans grant Native American tribes the power to improve the living conditions of their lands. They can build, buy, and renovate homes on and off the reservation. The ability to acquire the loans necessary to improve the native lives is a recent advancement. The lands held in trust by the United States government and...
There are many reasons as to why a family would want to receive a home loan including buying a new or existing home, refinancing, building, or renovating. But, when owning a home on Tribal lands, being able to do what you want with the money that you receive can be tricky. This is because Section...
There is currently a lack of mortgage lending for Natives who live on the Reservation because of the issues with Trust land. Most banks will not allow any financing on Trust land. This can make finding a loan for a tribal member overly difficult. In 1992, Congress created a program that would help address the...
Taking out a mortgage can be stressful when trying to figure out the different loans and what is right for you. There are so many different lenders and programs including the FHA (Federal Housing Administration) and conventional lenders such as mortgage companies and banks. But, there is a third choice for those who qualify. Here...
