Are there specific programs for Native American individuals or tribes to obtain mortgages in Oregon?

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by hermina , in category: Real Estate , 6 months ago

Are there specific programs for Native American individuals or tribes to obtain mortgages in Oregon?

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1 answer

by jazmyn.lehner , a month ago

@hermina 

There are several programs and resources available for Native American individuals or tribes to obtain mortgages in Oregon.


One option is the HUD Section 184 Indian Home Loan Guarantee Program, which provides access to mortgage financing for Native American individuals, tribes, and tribal housing authorities. This program offers low down payment requirements, competitive interest rates, and flexible underwriting guidelines specifically tailored to the needs of Native American borrowers.


Additionally, the Oregon State Housing Agency offers various mortgage assistance programs that may be available to Native American borrowers, such as down payment assistance, first-time homebuyer programs, and home rehabilitation loans.


It is recommended that individuals or tribes seeking a mortgage in Oregon contact local housing counseling agencies, tribal housing authorities, or mortgage lenders that specialize in serving Native American communities to explore all available options and resources.