Native American Home Buyer Programs

Confederated Tribes of Siletz Indians Down Payment Assistance Program

The purpose of this program is to provide expanded home ownership opportunities for Tribal Members of the Confederated Tribes of Siletz Indians (CTSI) by providing down payment assistance to below median income households and leveraging other private funding. This program is available nationwide. CTSI is a direct recipient of Indian Housing Block Grant (IHBG) funds from the Federal Government through Housing and Urban Development or HUD. IHBG is governed by the rules and regulations set forth at 24 CFR Part 1000. The Confederated Tribes of Siletz Indians is now offering forgivable grants of $15,000, to assist with down payment and closing costs for the purchase of a home.

The full amount of the conditional grant will be forgiven after five years from the date on the Agreement, if the beneficiary complies with all program requirements. Funds are limited and applications are accepted on a “first-come, first-served” basis. DPA may be combined with any type of primary loan product that has a fixed rate of interest with an amortization period of no more than 40 years.

Bois Forte Housing Tax Credit Program

Single family housing to those at 50% & 60% or below the median income limit for St. Louis County. Geared towards Home Ownership. First project is due for conveyance. Tribal Council has the final say as to turn them over or retain them as rentals. Our next Tax Credit project (Tax Credit 3) will be strictly rentals as units will be constructed as duplexes.

Fond Du Lac Band of Lake Superior Chippewa Housing Division Down Payment Assistance Program

Assistance is only available to members of the Fond du Lac Band living within the service area of the Fond du Lac Housing Division as outlined in the Band’s Indian Housing Plan (IHP). The Fond du Lac Reservation Business Committee has established and implemented the Down Payment Assistance Program to assist Band members with purchasing a home. The Down Payment Assistance program may help with down payment and closing costs and is designed to make home mortgage payments more affordable. Lenders will usually require a down payment when purchasing a home. Part of this down payment may be provided by Fond du Lac Housing Division under this Program. However, home buyers must contribute provide at least five hundred dollars ($500.00) towards the down payment. Assistance may be provided under this Program to pay all or part of the closing and settlement costs of the mortgage loan. This assistance is limited to actual, reasonable closing and settlement costs. The maximum amount of assistance for each homebuyer will be three thousand dollars ($3,000.00), including down payment, closing and settlement costs.

Red Lake Reservation Housing Authority Mutual Help, NAHASDA and Walking Shield

The intent of the programs are to provide families, with low incomes, an opportunity to own a home rather than rent a home. The Housing Authority shall continue to offer qualified individuals, a lease with an option to buy; any of the remaining single family homes in the mutual help inventory. as they become available. The units are all single family units and are located in all four districts.

Federal Tax Credit

To obtain a home under this program, the homebuyer must be low income and agreeable to a mandatory fifteen year lease-to-own status. The first fifteen years are considered rental. At the end of that fifteen year period, the tenants will be offered the opportunity to continue their month-to-month lease or buy out the balance of the mortgage on the home. The units are single family and are located in all four districts.

Native American Direct Loan

VA provides direct home loans to eligible Native American Veterans to finance the purchase, construction, or improvement of homes on Federal Trust Land, or to refinance a prior NADL to reduce the interest rate.

• The lender is the Department of Veterans Affairs
• Dedicated VA staff to assist you
• No down payment
• Easy to qualify
• No Private Mortgage Insurance cost
• 4.50% interest rate. Interest rates are subject to change due to market fluctuations. VA evaluates these market trends and determines if interest rate reductions or increases are warranted.
• Low closing costs
• $424,100 loan maximum limit in most areas; some high-cost counties have higher loan limits
• Fixed-rate 30-year mortgage
• Re-usable benefit
• Can be used to purchase, construct or improve a home on Federal Trust Land