Program: VA Loans Native American Direct Loan
Detail Verified 4/28/2020 - Last Updated 1/4/18
A program available to Native American veterans who wish to purchase or construct a home on trust land. A VA direct loan can be used to purchase, construct, or improve a home on Native American trust land. The maximum loan amount is the same as the Federal Home Loan Mortgage Corporation (also known as “Freddie Mac”) single-family conforming loan limit. That limit is currently $453,100 for loans made on Federal Trust land located in the 48 contiguous States and $679,650 for loans made on Federal Trust land in Alaska, Hawaii, and the South Pacific. Contact a VA office with loan activities for information regarding the current loan limit and any other questions you may have.
VA now will accept properties with a PACE lien. See HERE for policy guidance.
The land must be on Native American trust land.
Who is Eligible for this Program?
This program is available to eligible Native American Veterans who have available entitlement. Veterans who were honorably released from active duty service, during World War II and later periods are eligible. Commissioned Officers of the Public Health Service and National Oceanic and Atmospheric Administration are considered to be active duty members and Veterans, once discharged. Veterans who are not Native American, but who are married to a Native American non-Veteran, may be eligible for a direct loan under this program.
The income of a Veteran and spouse, if any, must be stable and sufficient to meet mortgage payments, cover other expenses of owning a home, take care of other obligations and expenses and must have enough left over for family support.
The maximum loan amount is the same as the Federal Home Loan Mortgage Corporation (also known as "Freddie Mac") single-family conforming loan limit. That limit is currently $453,100 for loans made on Federal Trust land located in the 48 contiguous States and $679,650 for loans made on Federal Trust land in Alaska, Hawaii, and the South Pacific.
This program is to be used toward the purchase, construction, or improvement of a home on Native American Trust Lands.
Is this program for first time buyers only?: No
Property Eligibility Requirements
Allowable property types: Single family residence, manufactured homes on permanent foundations.
Loan Term: 30 years
Homebuyer Counseling / Education Required: No
Owner Occupancy Required: Yes
Other Program Comments: Homebuyer Counseling/Education may be required depending on the tribe.