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...
A critical component to buying a home is education and counseling. There are many programs out there to help Native families become educated before buying a home. Most Native families that are buying a home are first generation homebuyers and buying a home for their first time. In order to make the right steps, make...
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...
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...
