Alabama Native American Renovation Home Mortgages
Proudly Serving Alabama Native Americans
Alabama Native American Renovation Mortgage Lender
We appreciate the opportunity to help you leverage your Native American Home Loan benefits and look forward to helping you achieve your homeownership and renovation goals.
Alabama Native American Renovation Home Mortgages
Capital Home Mortgage is thrilled to assist Native Americans in turning their current residences into their ideal living spaces or helping them acquire a home they can genuinely claim as their own. The benefits of the HUD 184 Native American Renovation 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 mortgage insurance is required.
- All renovation home loans are manually underwritten allowing common sense decisions.
- Alternate trades lines are accepted.
- Seller paid closing costs are allowed to 6% of purchase price, as well as, tribal grants.
- Purchase down payments are typically only 2.25%, but loans under 50K are 1.25%.
Alabama Native American Renovation 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 Alabama 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
