Native American Cash Out Home Mortgages
Proudly Serving Native Americans
Native American Cash Out Mortgage Lender
Welcome to Capital Home Mortgage. We sincerely appreciate the opportunity to assist you with your Native American Cash Out Home Mortgage.
The Native American Cash-Out Refinance Program, part of HUD’s Section 184 Indian Home Loan Guarantee Program, enables Native American and Alaska Native homeowners to refinance their current mortgage and withdraw cash from their property’s equity. This initiative allows homeowners to obtain funds for various purposes, including home renovations, debt consolidation, or other financial requirements, all while refinancing their mortgage.
Homeowners can utilize their home equity, which is determined by the current market value of the property and the remaining mortgage balance. This equity can be accessed for various purposes, including home improvements, consolidating high-interest debt, or addressing major expenses such as educational costs or medical bills. This program provides a versatile means of leveraging home equity. Like other Section 184 loans, this refinancing option is supported by a federal loan guarantee, which incentivizes lenders to provide competitive interest rates and advantageous terms. Additionally, the program applies to properties situated on tribal trust land and off-reservation land, thereby offering Native American homeowners significant options for achieving their financial objectives.
Ready to get started? One of our Native American Mortgage Professionals will answer your questions and walk you through the application, approval process, and funding. Call today (800) 699-4943 to speak to a Loan Officer.
Native American Cash Out Home Mortgages
Capital Home Mortgage takes pride in supporting Native Americans in accessing equity from their homes for various purposes, including debt elimination, investment opportunities, vacation planning, educational pursuits, and home improvements. The advantages of the HUD 184 Native American Cash Out Home Mortgage include:
- One to four unit homes only.
- Competitive pricing and terms.
- Member of a Federally Recognized Tribe.
- No mortgage insurance is required.
- Manually underwritten allowing common sense decisions.
- Alternate credit accepted – utility bills, etc.
- Max loan to value is 85% of appraised value.
- County loan limits apply.
Native American Cash Out Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for Securities
- Property securing the Loan
- occupancy of the property
- Loan to value of the property
- Borrower’s credit Rating
Why Native Americans Are Choosing Capital Home Mortgage
Close On Time with True Approval
Control Application to Funding
Great Rates / Low Fees
Direct VA Mortgage Lender
Exceptional Customer Service
Application to Final Payment
