Native American Refinance Home Mortgages
Proudly Serving Native Americans
Native American Refinance Mortgage Lender
Welcome to Capital Home Mortgage. We are grateful to assist you with your Native American Home Loan needs.
The Native American Home Rate and Term Refinance Program, which is a component of HUD’s Section 184 Indian Home Loan Guarantee Program, enables Native American and Alaska Native individuals, families, and tribes to refinance their current mortgages to secure improved interest rates or more advantageous loan conditions. This initiative offers homeowners the chance to decrease their monthly payments and minimize the total expense of their loan by transitioning to a Section 184 loan. Furthermore, borrowers have the flexibility to modify the duration of their loan, allowing them to either lengthen or shorten it according to their financial circumstances.
The program is accessible to residences situated on both tribal trust land and off-reservation areas, providing flexibility regarding the location of the home. Like the Section 184 home purchase initiative, the federal government supports this refinancing option, thereby mitigating risk for lenders and enabling borrowers to obtain more advantageous terms. In summary, the program facilitates the process for Native American homeowners to reorganize their mortgages, ultimately enhancing the long-term affordability of homeownership.
Ready to get started? Contact us today, and one of our Native American Mortgage Professionals will answer your questions and assist you with the application, pre-qualification, and approval processes. Call us now at (800) 699-4943 to speak with a Loan Officer.
Native American Refinance Home Mortgages
Capital Home Mortgage takes pride in supporting Native Americans in lowering the expenses associated with home ownership. By refinancing an existing home mortgage into a Native American Home Mortgage, you can decrease your monthly payments. The advantages of a Native American Refinance Home Mortgage include:
- Single-family, one- to four-unit homes only.
- Competitive pricing and terms.
- The borrower must be a currently enrolled member of a Federally Recognized Tribe.
- No matter the loan to value mortgage insurance is required saving on the monthly payments.
- All refinance loans are manually underwritten allowing common sense decisions.
- Closing costs can be rolled in to new loan.
- Appraisal Required / Income Verification Required
- Max Loan to Value is 97.75%
Native American Refinance 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
