Native American Construction Home Mortgages
Proudly Serving Native Americans
Native American Construction Mortgage Lender
Welcome to Capital Home Mortgage. We appreciate the opportunity to support you with your Native American Home Construction Loan.
The Native American Home Construction Loan, part of HUD’s Section 184 Indian Home Loan Guarantee Program, is designed to help Native American and Alaska Native individuals finance the construction of a new home. This loan allows eligible borrowers to build a house on tribal trust land or off-reservation land, with the ability to finance both the construction costs and the permanent mortgage in a single loan. The program simplifies the process by combining the construction loan and the long-term mortgage, so borrowers don’t need separate loans for building and permanent financing.
Backed by a federal loan guarantee, the construction loan offers competitive interest rates and favorable terms, making it easier for Native American borrowers to qualify. It also provides flexibility regarding land location, allowing homes to be built on various types of land. This loan is an accessible option for Native American individuals and families looking to build and own a home, addressing land ownership and financing barriers in Native communities.
Are you thinking about building your new home or curious about Native American Construction Mortgage Rates? Capital Home Mortgage can help you with your Native American Home Construction Mortgage Loan to make it a reality. Capital Home Mortgage can help you understand the advantages of your Native American Home Mortgage Benefit and if it is the right time to use the benefit to construct your new home. Capital Home Mortgage is a direct Native American Mortgage Lender, which means we have direct authority to underwrite, approve, and fund your Native American Home Loan. This control of the lending process and loan approval allows for streamlined operations, resulting in a quick and stress-free experience.
Call us today at (800) 699-4943 to speak to a Loan Officer.
Native American Construction Home Mortgages
Capital Home Mortgage takes pride in supporting Native Americans in achieving their aspiration of home ownership. Whether you wish to buy an existing home, purchase and renovate a property to suit your needs or construct your ideal dream home, we are here to assist you. The advantages of the HUD 184 Native American Home Mortgage include:
- Single-family, one to four unit homes only.
- Competitive pricing and terms.
- Member of a Federally Recognized Tribe.
- Combine the land, construction and utilities into a single loan.
- Construction loans are manually underwritten allowing common sense decisions.
- Builder paid closing costs Allowed to 6% of purchase price, as well as, tribal grants.
- Purchase down payments are typically only 2.25% or land equity can be used.
- County Loan Limits Apply.
Native American Construction 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
