Native Americans and Mortgages

ilovecolorado

American Indians, while still fallingbelow many minorities, have several avenues open to them tofacilitate acceptance of mortgage applications. The Federal Govt. hasestablished these agencies in response to problems American Indiansmay face when applying for a traditional mortgage. American Indianscan face extraordinary difficulties in obtaining a traditionalmortgage due to economic depression in tribal lands and unfairlending practices.

HUD provides Native American’s withrecourse to mortgages through the establishment of its Office ofNative American Programs, or ONAP. ONAP offers American Indiansseveral options in mortgage types, loan duration, interest rates andamount of down payment. HUD’s ONAP can be accessed through mail, inperson or through Web access; in addition, many websites offer arundown of the benefits of ONAP’s loans providing valuableinformation to American Indians interested in HUD’s mortgage loans.Some of the benefits from using HUD’s One Stop Mortgage Center arezero down payment, potential refinancing, mobile home financing andveterans programs.

A partnership between the NativeAmerican Bank, LenderLive and Greenpoint Mortgage has resulted inturnkey home mortgages for American Indians for a number of purposeslike rehabilitation, refinancing and home buying. This partnershipprovides American Indians with great resources to help in getting ahome loan. The Native American Bank is now in position to be thenumber one lender to American Indians and to reap the rewards ofserving this growing sector of the industry.

The Fannie Mae Organization has alsocreated mortgage programs for Native Americans. These do not have asbroad a spectrum as the HUD loans and some of the terms may besomewhat less attractive but they are quality mortgage loans offeredat good rates. The Fannie Mae organization is a well respected entityin the nation, providing loans and mortgage information to peoplenationwide.

Freddie Mac also has a specialtydivision to assist American Indians with attaining a home mortgage.
They provide access to HUD loans andseveral other programs designed to help Native Americans. Thisinstitution provides information to help Native Americans understandthe options available to them and the difference between what oncewas and what the industry has become today.
Home loans to Native Americansconsistently fall behind mortgages to whites and several otherminorities. The programs listed above were designed with this inmind, to bolster the numbers of American Indian’s successful loanapplications. Traditionally, American Indians have been poorlyreceived by many institutions due to tribal autonomy, poor economy intribal lands and other issues of concern.

One of the factors behind NativeAmericans’ difficulty in obtaining mortgage loans is the situationon tribal lands. Many times, the economy of these lands is depressed,leading to low paying jobs and high unemployment rates. The AmericanIndians have begun a promising change, however. Jobless rates, thoughstill worse than national levels, are plunging. Social reforms, landacquisition and internal tribal change are revitalizing tribal landsand thus the economy and feasibility of acquiring home loans. Manygroups are beginning to recognize the potential of the NativeAmerican peoples and are actively
courting their interest.

---

Francoise
Mortgage Specialist
Colorado Home Loans: where Rates are at an all-time Low

maninthestreet

This is a UK based board. Posting a thread about native Americans is unlikely to generate much interest. Your post also looks very much like you are touting for business, which is contrary to posting rules for this board.

Dan_Collins_2

Why would you post that in this forum? SPAM me thinks!

toonfish

I'd love to arrange a mortgage for a Native American - would be a real eagle feather in your cap.

payless

Dan_Collins wrote: »

Why would you post that in this forum? SPAM me thinks!

some might say its in the wrong palce to get any business... but strangely in you type mortgages American Indian into google this post and hence their link gets listed .... suppose its all SEO methods

NeilQuinn

toonfish wrote: »

I'd love to arrange a mortgage for a Native American - would be a real eagle feather in your cap.

Come out with another gag like that one & I'll sioux,

ukwoody

Ahh, I know just the local company to help them... They're cowboys... LOL

You know why Indians are so stressed out?

Their lifestyle is "too in tents". Boom Boom

woody.

ThriftyBeanie

Come on guys, stop making me laugh or I'll need teepee

maninthestreet

Can you get a mortgage for a wigwam or a teepee?
Presumably you would need to talk to a lone ranger (loan arranger - geddit??).

dunstonh

Change a few words and the thread title could read "Native Scousers and mortgages".

One of the factors behind [strike]NativeAmericans’ [/strike] scousers difficulty in obtaining mortgage loans is the situation on [strike]tribal[/strike] gang lands. Many times, the economy of these lands is depressed,leading to low paying jobs and high unemployment rates. The [strike]AmericanIndians[/strike] Scousers have begun a promising change, however. Jobless rates, though still worse than national levels, are plunging. Social reforms, [strike]land acquisition[/strike] knocking down houses and building expensive houses and apartments in their place and [strike]internal tribal change [/strike] moving trouble maker scousers to other parts of the country and bringing in wealthier individuals is revitalising [strike]tribal [/strike] the area and thus the economy and feasibility of acquiring home loans. Many groups are beginning to recognise the potential of the [strike]NativeAmerican peoples [/strike] Scousers and are actively courting their interest.

maninthestreet

dunstonh wrote: »

Change a few words and the thread title could read "Native Scousers and mortgages".

One of the factors behind [strike]NativeAmericans’ [/strike] scousers difficulty in obtaining mortgage loans is the situation on [strike]tribal[/strike] gang lands. Many times, the economy of these lands is depressed,leading to low paying jobs and high unemployment rates. The [strike]AmericanIndians[/strike] Scousers have begun a promising change, however. Jobless rates, though still worse than national levels, are plunging. Social reforms, [strike]land acquisition[/strike] knocking down houses and building expensive houses and apartments in their place and [strike]internal tribal change [/strike] moving trouble maker scousers to other parts of the country and bringing in wealthier individuals is revitalising [strike]tribal [/strike] the area and thus the economy and feasibility of acquiring home loans. Many groups are beginning to recognise the potential of the [strike]NativeAmerican peoples [/strike] Scousers and are actively courting their interest.

Calm down! Calm down!