Native American loans are making a come back
Native American Loans 184k backed by HUD are becoming increasingly popular. 100% financing with no monthly PMI makes financing a breeze with Native Americans. Whether they are a first time home buyer or are purchasing their 10th home. Credit qualifications are a minimum of 600 credit score with no derogitory credit within the last twelve months. Employment history of 24 months is preferred but not necessary. Up to 6% of the puchase price in closing cost can be paid for by the seller. With a properly structured purchase contract. There will be no money out of pocket except for home inspections, earnest and appraisal. This is very similar to USDA but there are no income restrictions. This is the best program available for a home loans if you’re a member of any registered tribe. Click the apply button at Today Lending’s home page.