Are you active duty military (or a vet who was honorably discharged) AND a native American? Did you know you can get an amazing loan to buy a home on Federal Trust Land? Yep, it’s true: the VA offers a special loan just for you.
Program Description
The Native American Direct Loan Program makes home loans available to eligible Native American veterans who wish to purchase, construct, or improve a home on Federal trust land.
The home must be your primary residence.
(It’s also possible to use the program to re-finance an existing Native American Direct Loan.)
General Program Requirements
This program is designed specifically for Native Americans who want to purchase, build, or improve a home on Federal Trust Land.
Native Americans who may qualify for these loans include—
- Veterans (including Reserve and National Guard members who were called to active duty)
- Active duty service members
- Current Reserve and Guard members (usually after 6 years of reserve service)
Commissioned Officers of the Public Health Service and National Oceanic and Atmospheric Administration are considered to be active duty members and veterans, once discharged.
Length-of-service requirements apply in most cases.
Veterans must have been discharged under conditions other than dishonorable.
In addition, you must either (a) be a Native American enrolled in an American Indian tribe or Alaskan Native village, a Pacific Islander or a Native Hawaiian; OR (b) be married to such a person.
You will need a valid Certificate of Eligibility (COE). You can get one from VA or from a lender using the Automated Certificate of Eligibility (ACE) program.
If you need to obtain your COE, contact a lender about obtaining your COE or download VA Form 26-1880, complete it and mail it (with proof of service) to our Winston-Salem Eligibility Center at:
VA Loan Eligibility Center
PO Box 20729
Winston-Salem, NC 27120
You can download the form at http://www.va.gov/vaforms/.
For overnight delivery:
VA Loan Eligibility Center
251 N. Main Street
Winston-Salem, NC 27155
Toll free number: 1-888-244-6711
E-mail: nceligib@vba.va.gov Loan Terms
The interest rate is set by VA. The length of the loan is usually 30 years with payments due monthly. The length of the loan is usually 30 years with payments due monthly.