1. Native American Direct Loan Program

2. What Is A VA Direct Loan? The Department of Veterans Affairs serves as the principal lender and directly lends the funds to an eligible Native American Veterans for the purpose of purchasing, constructing or improving a home on trust lands, or to refinance a prior NADL to reduce the interest rate. The Department of Veterans Affairs serves as the principal lender and directly lends the funds to an eligible Native American Veterans for the purpose of purchasing, constructing or improving a home on trust lands, or to refinance a prior NADL to reduce the interest rate.

3. Who is Eligible Veterans (after 9/15/1940) Veterans (after 9/15/1940) 90 days (wartime) 90 days (wartime) 181 continuous days (peacetime) 181 continuous days (peacetime) Discharge under conditions other than dishonorable Discharge under conditions other than dishonorable *A greater length of service required Enlisted after 9/7/1980 Enlisted after 9/7/1980 Officers after 10/16/1981 Officers after 10/16/1981 24 continuous months or 24 continuous months or Full period for which called or ordered to active duty Full period for which called or ordered to active duty

4. Who is Eligible Continued.. Active Duty Service Members Active Duty Service Members At least 90 days At least 90 days Reserve/National Guard Members Reserve/National Guard Members At least 6 years At least 6 years Under Honorable Conditions Under Honorable Conditions Un-remarried Surviving Spouses Un-remarried Surviving Spouses

5. NADL Requirements The tribal organization has a with the Secretary of Veterans Affairs. The tribal organization has a standing Memorandum of Understanding with the Secretary of Veterans Affairs. The home is on trust/lease/allotted land. The home is on trust/lease/allotted land. The Veteran or a Veteran who is married to a Native American non-Veteran and is a member of the tribe. The Veteran or a Veteran who is married to a Native American non-Veteran and is a member of the tribe.

6. Eligible Loan Purposes To purchase, construct, or improve a home on Native American trust land. Manufactured Home on permanent foundation To simultaneously purchase and improve a home. To refinance another NADL direct loan and lower the interest rate.

7. Requirements For Loan Approval The Veteran intends to occupy the home as his/her primary residence. The Veteran intends to occupy the home as his/her primary residence. The Veteran and, if applicable, the spouse are satisfactory credit risks The Veteran and, if applicable, the spouse are satisfactory credit risks The Veteran and, if applicable, the spouse have stable and reliable income that is sufficient to meet payment obligations and provide enough left over for family support The Veteran and, if applicable, the spouse have stable and reliable income that is sufficient to meet payment obligations and provide enough left over for family support

8. Direct Loan Benefits No down payment No down payment No private mortgage insurance No private mortgage insurance Minimal closing costs Minimal closing costs No prepayment penalties No prepayment penalties Freddie Mac single-family conventional conforming loan limit (currently $417,000) Freddie Mac single-family conventional conforming loan limit (currently $417,000) Interest rate may be lower than conventional mortgages. Interest rate may be lower than conventional mortgages.   Current interest rate is 4%.

9. Closing Costs VA Funding fee VA Funding fee   1.25 % Active duty   2% Guards/Reserves   Some are exempt VA appraisal VA appraisal Inspection Fees Inspection Fees Pre-paid Interest Pre-paid Interest Recording fees, if applicable Recording fees, if applicable Survey, if applicable Survey, if applicable Hazard insurance premium Hazard insurance premium

10. Tribal Documents Certified Title Status Report Certified Title Status Report Lease Agreement (heirs must approve) Lease Agreement (heirs must approve) Proof of Tribal Membership Proof of Tribal Membership IHS/Water/Sewer Report IHS/Water/Sewer Report Environmental/Archeological Survey Environmental/Archeological Survey

11. The Loan Process Determine if the tribal organization or appropriate Native American group has a standing Memorandum of Understanding (MOU) The Veteran will need to submit or apply for a Certificate of Eligibility (COE) Contact the Denver Regional Loan Center and apply for the loan Contact the Denver Regional Loan Center and apply for the loan VA Preliminary Credit Review VA Preliminary Credit Review Find a home to buy or a construction contract with the builder to build the home Find a home to buy or a construction contract with the builder to build the home Appraisal/Inspections are completed Appraisal/Inspections are completed Close the loan and move into the new home Close the loan and move into the new home

12. Approved Tribes ALASKA (1) Metlakatla Indian Community COLORADO (2) Southern Ute Tribe Ute Mountain Ute Tribe IDAHO (2) Nez Perce Tribe Shoshone-Bannock Tribe MONTANA (6) Assiniboine-Sioux of the Fort Peck Reservation Blackfeet Nation Chippewa Cree Tribe of Rocky Boy Crow Agency Fort Belknap Assiniboine & Gros Ventre Tribes Northern Cheyenne Tribe OREGON (2) Confederated Tribes of the Umatilla Indian Reservation The Confederated Tribes of the Warm Springs UTAH (1) Ute Indian Tribe Uintah and Ouray Reservation WASHINGTON (9) The Confederated Tribes of the Colville Reservation Lummi Nation Nooksack Indian Tribe Spokane Tribe of Indians Quinault Indian Nation Tulalip Tribes Yakama Nation Swinomish Tribe Suquamish Tribe of Indians of the Port Madison Reservation

13. Contact Information Bill Haines Native American Direct Loan Coordinator VA Denver Regional Loan Center 155 Van Gordon St, Lakewood, CO 80228 155 Van Gordon St, Lakewood, CO 80228 William.Haines@va.gov William.Haines@va.gov William.Haines@va.gov Toll-free 1-888-349-7541, opt 2 Toll-free 1-888-349-7541, opt 2 Fax number: 303-914-5666 Fax number: 303-914-5666

14. NADL (On-line Version) Native American Direct Loans (On-line version) http://www.benefits.va.gov/homeloans/ nadl.asp http://www.benefits.va.gov/homeloans/ nadl.asp