This is a section of HUD that is for Native Americans that have their roll card to a federally recognized tribe. It has similar qualifications to FHA loans but will lend on tribal land, only requires 2.25% down payment, has only a 1% funding fee (as opposed to FHA’s 1.75%), and has only a .01% monthly MI charge (compared to .85% on FHA). This loan is a great option for most Native Americans looking to purchase a home. Click here to compare options.
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