Native American Housing Loans         Mortgage Products Fixed 7-Year Balloon 10-Year 15-Year 20-Year 30-Year 40-Year Biweekly Community Home Buyer's Program™ Community Living® Community Renovation™ Community Seconds® Energy Efficient Expanded Approval® Fannie 3/2® Fannie 97® Flexible 97® & 100™ HomeStyle® Construction-to-Perm HomeStyle Renovation InterestFirst™ MyCommunityMortgage™ Native American Housing Loans Pledged-Asset Rural Housing Loans Simultaneous Second ARM 1/1 3/1 5/1 7/1 10/1 Community Renovation Community Seconds Energy Efficient Expanded Approval Flexible 97 & 100 HomeStyle Construction-to-Perm HomeStyle Renovation InterestFirst MyCommunityMortgage Native American Housing Loans Pledged-Asset Simultaneous Second Uniform Hybrid 5/1 Reverse Home Equity Conversion Mortgage (HECM) Home Keeper and Home Keeper for Home Purchase Mortgage Refinancing   An Affordable Mortgage for Tribal Trust Properties The Native American Conventional Lending Initiative (NACLI) supports lending on fee-simple, federally restricted trust lands, and tribally restricted fee simple lands. We work with conventional (or non-government-backed loans) as well as government-backed loan products of the U.S. Department of Housing and Urban Development (HUD) and the Rural Housing Service (RHS) to better serve the housing needs of Native Americans. Fannie Mae also works with PMI Mortgage Insurance Company to offer a NACLI 1 percent down payment mortgage on fee-simple and federally restricted trust lands.   Fannie Mae will purchase U.S. Department of Housing and Urban Development (HUD)-guaranteed loans. Key NACLI Features: Any Native American, Indian Housing Authority, Tribally Designated Housing Entity is eligible. Loans are available for one- to four-family principal residences, including condominiums. Borrowers can build a home and get permanent financing with one mortgage and one loan closing through HUD's Section 184 and Section 248 housing programs and the HomeStyle® products. Borrowers can buy a home with no money down through the RHS Section 502 Rural Housing Native American Pilot (RHNAP). Fixed-rate mortgages with terms of 10, 15, 20, or 30 years are available, including a wide array of low down payment loans. MyCommunityMortgage™ loans can be made for properties on tribal trust and restricted lands by a lender that has NACLI Terms and Conditions, and there are no income limits. Cost-based appraisals are allowed when sales comparables are unavailable. Consumer Benefits 1- to 4-family principal residence   Purchase, construction, rehabilitation, or refinance   No PMI

 

2006 Conforming Loan Limits

Number of Units	Maximum original principal balance	Alaska, Guam, Hawaii, and U.S. Virgin Islands only
1	$417,000	$625,500
2	$533,850	$800,775
3	$645,300	$967,950
4	$801,950	$1,202,925

 

 

Correcting Your Credit

Credit Advice

Prepare Your Credit Before Buying A Home Preparing Your Credit For Life's Changing Needs Victim Of Identity Theft Buying Vs. Renting What If My Application Gets Rejected?

Equal Credit Opportunity Act What Is A Mortgage Fixed Rate Mortgage Adjustable Rate Mortgages Down Payment

Mortgage Programs

Home Equity Loans

The Cost of A Loan Balloon Payments   Other Fees And Closing Costs Turn Your ARM into a Fixed Rate Bad Credit Mortgage

The Good And Bad Aspects Refinancing Home Equity Loans Interest Only Mortgages Necessary Paperwork Pre-Qualification Vs. Pre-Approval

Types of Loans

Miscellaneous

Buying and Selling a Home at the Same Time Other Types Of Mortgage Loans First Time Buyer Programs Private Mortgage Insurance - PMI Home Mortgage Refinancing

Mortgage Scams Canceling Your Mortgage Independent Mortgage Advice Things To Consider Mortgage Closing Costs

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